NFC Times reports that state-owned China Mobile, the world's largest mobile provider, has officially unveiled its NFC mobile wallet roadmap. A China Mobile exec, speaking at the company's developers conference, confirmed that China Mobile will be offering an NFC SIM that will include a number of payment applications including retail payments and ticketing.

The mobile wallet will launch early next year, the report said.

China Mobile announced earlier this year its plan to work with China UnionPay on an NFC-powered mobile wallet. China UnionPay is the only bank card available in China.

China Mobile services claims a 70 percent market share in China and provides services to more than 700 million subscribers.

In a related story, China's central bank will soon release standards for mobile payments in China. China Daily reported that Li Dongrong, vice governor of the People's Bank of China, said technical standards from the bank will be forthcoming, something the PBOC has been promising for some time. 

For more stories like this, visit the carriers/operators reasearch center. 

Related Content

User Comments – Give us your opinion!
Products & Services

Peer-to-Peer

http://global.networldalliance.com/new/images/products/6743.png

6743/Peer-to-Peer

Multivendor SW ATM application - WWS Client

http://global.networldalliance.com/new/images/products/6213.png

6213/Multivendor-SW-ATM-application-WWS-Client

Total-Customer Service

http://global.networldalliance.com/new/images/products/6205.png

6205/Total-Customer-Service

Unified Payment API

http://global.networldalliance.com/new/images/products/6119.png

6119/Unified-Payment-API

Digital Signage Application – WWS Seegnage Manager

http://global.networldalliance.com/new/images/products/6221.png

6221/Digital-Signage-Application-WWS-Seegnage-Manager

Cellum Top-Up

http://global.networldalliance.com/new/images/products/6741.png

6741/Cellum-Top-Up

mBanking

http://global.networldalliance.com/new/images/products/7041.png

7041/mBanking

iDynamo Secure Card Reader Authenticator

http://global.networldalliance.com/new/images/products/4295.png

4295/iDynamo-Secure-Card-Reader-Authenticator

Cellum Mobile Next

http://global.networldalliance.com/new/images/products/6733.png

6733/Cellum-Mobile-Next

Cellum M-Commerce

http://global.networldalliance.com/new/images/products/6735.png

6735/Cellum-M-Commerce

Wallet Wars
CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.