China Mobile, China UnionPay drive m-commerce in Chengdu

China Mobile, China UnionPay drive m-commerce in Chengdu

Summary: The two companies will help the Chinese city become a model city for mobile commerce by deploying its NFC terminals and touting its mobile wallet business.

SHARE:

The Chengdu municipal government in China has signed a strategic cooperation agreement with China Mobile and China UnionPay to allow both companies to develop it into a model city for mobile commerce.

China Daily reported Monday China Mobile will support the city's goal by promoting its mobile wallet business and deploying near-field communications (NFC) terminals to support mobile payment. The telco will also work with China UnionPay to improve mobile payment technologies in Chengdu, it noted.

Chengdu, which is the capital of China's Sichuan province, was selected to be a model city for e-commerce in 2011 by the government and has since attracted various e-commerce industry players. These include telcos, financial organizations and content providers, the report added.

The deal with Chengdu is one of the first fruits borne from the partnership deal inked between China Mobile and China UnionPay this June. They had agreed then to collaborate on mobile payments services such as integrating banking details into SIM cards and NFC-based digital wallets.

They are not the only ones targeting the mobile commerce market though. Another Chinese telco, China Unicom, had collaborated with China Merchants Bank to launch their NFC-enabled mobile wallet service in Shanghai last month.

 

Topics: Mobility, Smartphones, Telcos, China

Jamie Yap

About Jamie Yap

Jamie writes about technology, business and the most obvious intersection of the two that is software. Other variegated topics include--in one form or other--cloud, Web 2.0, apps, data, analytics, mobile, services, and the three Es: enterprises, executives and entrepreneurs. In a previous life, she was a writer covering a different but equally serious business called show business.

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion