ZTE and China UnionPay to collaborate on mobile payments

 
Jan. 3, 2013

Another partnership is looking to introduce a mobile payment service in the Chinese market. This time it's handset-maker ZTE Corp. and payment card powerhouse China UnionPay.

A source from ZTE told Caixin Online that ZTE will release a mobile phone model featuring NFC technology next year. ZTE and UnionPay signed an agreement last month to cooperate in developing applications and technology to provide mobile payment services.

The Chinese market, the world's largest mobile phone market, is ripe for development of mobile payment technologies. Last year China UnionPay announced that it will partner with wireless carrier China Mobile Ltd. to offer a mobile payment product this year.

For more stories like this, visit the contactless/NFC research center.


Topics: Card Brands , Carriers / Operators , Contactless / NFC , Region: EMEA


Related Content


Latest Content


comments powered by Disqus

 

TRENDING

 

WHITE PAPERS