The world’s largest mobile network operator is to collaborate with national payments network China UnionPay, in a deal set to lead to the introduction of NFC services in up to one hundred Chinese cities. More
More than US$8bn in transactions could be conducted in China using NFC phones by 2014, according to Mobile Payments in China, a new report by ABI Research... More
News in brief from the NFC world and beyond: Mass transit aims for contactless standard • O2’s location-based ads • Mobile barcode usage up 700% • RF-SIM supplier set for IPO • Proximity advertising to net $6bn in 2015 • UK leads US in coupon interest • and more… More
Despite pressure from regulators to drop its RF SIM technology, China’s largest mobile network operator says it will continue to push ahead with its RF SIM deployment while, at the same time, also exploring options for delivering solutions compatible with the NFC technology being adopted by Chinese banks. More
China’s largest mobile network operator is coming under pressure from MIIT, the national technology regulator, to join the Chinese banks and its two rival operators China Unicom and China Telecom in adopting a single, national mobile payments standard based on NFC standard technology. More
VeriFone Holdings has announced that it is co-lead investor in a reverse merger financing for Trunkbow International Holdings Ltd, a Chinese mobile payments and value-added service applications company specialising in 2.4GHz (RF SIM) NFC solutions... More
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