After an upgrade, Apple changed the terms of use of its App Store in China and has started accepting Yuan-denominated settlement in the country. At present, Apple's App Store supports Renminbi payments with bank cards and credit cards issued by various Chinese banks, including China Merchants Bank, Industrial and Commercial Bank of China, China Construction [...]

China Telecom's Beijing branch has published a report, stating that it will open a mobile phone payment function for its eSurfing 3G users. With this new function, users can inquiry about their bank card balances, pay mobile phone fees, pay credit card bills, and transfer money between bank cards with their mobile phones. They can [...]

A representative from China Unicom's product innovation department revealed that the operator's mobile phone payment service is undergoing trial use in four cities, including Beijing, Shanghai, Guangzhou, and Chongqing, and the service will be formally put into commercial use in these cities from November 2010. The representative said that China Unicom's mobile phone payment service [...]

The China Telecom Chongqing branch has launched a new mobile payment platform for students, aiming to promote the information development on campuses via the Internet of Things technologies. With this platform, various cards, including student cards, cafeteria cards, and library cards can be integrated into mobile phones to realize real-time management and control as well [...]

China UnionPay has collaborated with commercial banks, mobile communication operators, and mobile phone manufactures for the establishment of the Mobile Payment Industry Alliance in China.
The Mobile Payment Industry Alliance aims to break the barriers in different industries to set up a platform for communication and close coordination for Internet payment services. Parties of the alliance [...]

Guangdong Development Bank and China Unicom have signed a strategic cooperation agreement in Guangzhou to improve the financial information service of the bank.
According to the agreement, China Unicom and Guangdong Development Bank will cooperate in the launch of one-stop information application services, including the establishment of a mobile phone group network, wireless POS, 3G mobile [...]

Chinese telecom operator China Mobile has finally published an official announcement, confirming that it will invest CNY39.8 billion to acquire a 20% stake in Shanghai Pudong Development Bank.
China Mobile Guangdong and SPD Bank have signed an agreement, under which China Mobile Guangdong will conditionally acquire the stake for cash consideration of CNY39.8 billion; while SPD [...]

China UnionPay and China Unicom have signed an agreement in Beijing to form a strategic [...]

Chinese mobile phone maker Coolpad has formally joined the Near Field Communication Forum to distribute in near field wireless communication applications such as mobile phone payment.
Gu Yong, brand and market director for Coolpad, told local media that the company already started research and distribute in this sector a few years ago and it has invested [...]

Industrial and Commercial Bank of China has announced that with the cooperation with all the three major Chinese telecom operators, China Mobile, China Telecom, and China Unicom, it has formally launched its 3G mobile phone bank services.
Compared with its former mobile phone bank, ICBC's new 3G mobile phone bank has more customized operating pages, which [...]