1. Friday May 25, 2018
      Home > BUSINESS
      Text:| Print|

      CMB, HTC reveal new mobile-payment product

      2012-09-19 10:07     Web Editor: Wang Fan comment

      The public caught its first glimpse on Tuesday of a commercial mobile payment service that is expected to meet the central bank's standards, which have yet to be published.

      China Merchants Bank Co Ltd, or CMB, and the Taiwanese cell phone manufacturer HTC Corp together released the mobile-payment product called "CMB wallet", which will allow consumers to spend money by placing their phones near a device known as a point-of-sale machine.

      The "wallet" can be used to make payments in small sums, and CMB is planning to make it capable of processing large payments - those involving as much as 50,000 yuan ($7,900), for example - next year, said Liu Jianjun, director of the bank's retail finance headquarters.

      In the fourth quarter, people will be able to use their credit cards to directly recharge the "wallet" through their mobile phones, he said.

      "Mobile payments have become a new way that banks can promote the use of integrated circuit cards," said Lu Shuchun, deputy director of the technology department of the People's Bank of China, the country's central bank.

      "This cooperation between CMB and HTC will surely set an example for other participants, especially since a new standard is about to be published to guide banks on the best ways to conduct mobile payments."

      The central bank is expected to publish new mobile payment standards for financial institutions at the end of December, and the "CMB wallet" will be the first product to meet the new standard, said Hu Tao, deputy general manager of retail banking at CMB, which is helping to draft the rules.

      Chinese lenders have been looking at the mobile payment market as a possible additional source of revenue in recent years, a time when they have been required to hold more capital and have seen interest rate spreads narrow.

      China Construction Bank Corp, the world's second-largest lender measured by market value, joined the bank card organization China UnionPay Co Ltd last September to introduce a mobile-phone payment business.

      In June, Shanghai Pudong Development Bank Co Ltd announced it would cooperate with the mobile carrier China Mobile Ltd, which owns 20 percent of the bank's shares, on a mobile-payment project.

      "Banks cannot afford to lose our position in the mobile-payment market," said Liu Jialong, general manager of CMB's credit card center. "That would have a profound effect on future deposits and the lending business."

      Ma Weihua, president of CMB, said the company would like to "diminish" its credit card business in the coming years and promote mobile payments.

      "As the mobile-payment technology develops, there is a danger that clients will 'abandon' banks," he said. "Even though the credit cards we issue are the most popular among Chinese cardholders, we believe we should be the first to throw those cards away."

      By 2013, 200 billion yuan worth of mobile payments are expected to be taking place in China annually, up from 48 billion yuan last year, Ma said.

      "That would be an explosive increase."

      Chai Hongfeng, executive vice-president of China UnionPay, said the company will install as many as 1 million point-of-sale machines that can process "mobile wallet" payments by the end of October. And 1.2 million of those machines and 105 retail clusters will be accepting payments from the product by the end of the year.

      The agreement between CMB and HTC over the "wallet" project is not an exclusive one, and both companies are in negotiations with other lenders or handset manufacturers such as Samsung Group and Apple Inc, said Liu Jianjun, adding that CMB is also in talks with mobile carriers to incorporate the "wallet" function directly into SIM cards.

      Except for HTC and Nokia Corp, many other handset sellers, including Apple, are reluctant to make products that use near-field communication technology, which allows mobile phones and similar devices to communicate with each other once they are brought into close proximity.

      "We haven't found that we can sell more of these devices than our rivals simply by saying we have near-field communication technology," said Ray Yam, president of HTC China.

      "Only by taking steps early on can we seize more of these opportunities."

       

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲高清成人一区二区三区 | 久久夜色精品国产亚洲| 国产AV无码专区亚洲AV蜜芽| 久久精品a一国产成人免费网站| 久久精品国产亚洲AV麻豆网站| 美女被cao网站免费看在线看| 免费一级黄色毛片| 成年网站免费入口在线观看| 免费v片在线观看| 又长又大又粗又硬3p免费视频| 亚洲精品网站在线观看不卡无广告 | 可以免费看的卡一卡二| 亚洲伊人精品综合在合线| 免费看黄视频网站| 亚洲精品无码国产片| 国产成人青青热久免费精品| 黄页视频在线观看免费| 免费福利电影在线观看| 亚洲无线一二三四区手机| 一区二区三区在线观看免费| 日韩免费观看视频| 一级毛片a免费播放王色| 亚洲午夜久久久久久久久电影网| 国产免费播放一区二区| 亚洲成在人天堂在线| 97免费人妻无码视频| 亚洲国产精品嫩草影院 | 高清国语自产拍免费视频国产 | 亚洲a∨无码男人的天堂| 好男人视频社区精品免费| 黄色一级视频免费| 亚洲国产精久久久久久久| 成人片黄网站A毛片免费| 羞羞视频网站免费入口| 亚洲AV日韩AV天堂久久| 国产成人免费爽爽爽视频| 抽搐一进一出gif免费视频| 久久青青草原亚洲av无码app| 妞干网在线免费观看| a级毛片免费观看网站| 亚洲妇女水蜜桃av网网站|