CITIC Bank, China Unicom join hands in NFC mobile wallet
BEIJING, Aug 22, 2013 (Xinhua via COMTEX) --
China CITIC Bank and China Unicom
(CHU.NYSE; 00762.HK; 600050.SH) on Thursday signed a contract of
comprehensive cooperation on mobile wallet business, the Xinhua-run
Economic Information Daily reported on Friday.
The business was based on the near field communication (NFC)
With bundled NFC-USIM cards provided by China Unicom, the users of
CITIC bank cards would use their mobile phone to enjoy e-bank
functions, such as consumption, account inquiry, transfer accounts
and credit for load.
CITIC was the one of the first batch of commercial banks that
signed contracts on NFC mobile wallet with China Unicom. (Edited by
Li Xiaoyu, Lixy@xinhua.org)
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