Shanghai Telecom launched a new payment service called Telephone POS Machine at each of its business halls across Shanghai during the October Golden Week holiday.

According to People's Daily, Shanghai Telecom's POS service allows users to make inquiries about the bank account balance of their China UnionPay debit cards and supports account transferring among more than 10 banks' cards. It allows users of China Merchants Bank, Pudong Development Bank, Shenzhen Development Bank, and Ping'an Bank to also repay bank loans.

In addition, with this telephone POS, users can use China UnionPay cards to pay their water, gas, and telephone fees. Shanghai Telecom plans to launch air ticket and hotel reservation services soon.