It is reported that China Mobile plans to launch a mobile payment service by the end of this year or next February. The business hopes to replace payment applications such as credit cards, IC cards, and transportation cards.
Mobile payment is an Internet application that China Mobile currently focuses on. "We hope to use it instead of credit card, IC card, transportation card and other services." Huang Xiaoqing said.
Huang Xiaoqing pointed out that an important innovation that the business is developing is that it can be used without modification. At present, 90% of mobile phones in Japan have mobile payment capabilities, but an important obstacle in Japan is that all mobile phones need to be changed accordingly.
"We are studying the problem is not to change the phone, there are too many mobile phones in China, we hope to reduce the threshold of this application. As long as you can change a SIM card, so the cost is much lower than the mobile phone, the flexibility is also increased." Huang Xiaoqing said.
China Mobile began trial operation of its mobile e-commerce business in 2007. Paying for mobile phone bills is an important direction that has been explored.
Mobile payment is an Internet application that China Mobile currently focuses on. "We hope to use it instead of credit card, IC card, transportation card and other services." Huang Xiaoqing said.
Huang Xiaoqing pointed out that an important innovation that the business is developing is that it can be used without modification. At present, 90% of mobile phones in Japan have mobile payment capabilities, but an important obstacle in Japan is that all mobile phones need to be changed accordingly.
"We are studying the problem is not to change the phone, there are too many mobile phones in China, we hope to reduce the threshold of this application. As long as you can change a SIM card, so the cost is much lower than the mobile phone, the flexibility is also increased." Huang Xiaoqing said.
China Mobile began trial operation of its mobile e-commerce business in 2007. Paying for mobile phone bills is an important direction that has been explored.
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