China Mobile, China UnionPay Push Mobile Payments Forward

By  |  June 23, 2012
 | 

Chinese issuer China UnionPay will work with China Mobile to enable SIM-based payments facilitated by NFC technology, The Paypers reports.

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    The SIM-enabled devices will store sensitive consumer information, like credit card and bank account information, while China UnionPay’s QuickPass technology will power NFC payments.

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