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China Mobile begins commercial rollout of mobile contactless payments system

Sarah Clark

Friday, February 12, 2010 - 08:17

RF SIMs are now widely available for subscribers to purchase from China Mobile stores and the first major retailer has signed up to accept the new mobile contactless payments technology.

China Mobile has begun the commercial deployment of mobile contactless payments based on RF SIM technology.

The new SIMs, which incorporate both a payments chip and a contactless antenna, are now widely available from China Mobile stores and can be purchased for a one-off fee of ¥150 (US$22 approx). Subscribers can then simply replace their existing SIM with the new RF SIM and instantly begin to use their existing phone to make payments at the point of sale. 

Read the full story by clicking the link below
http://www.nearfieldcommunicationsworld.com/2010/02/11/32670/china-mobile-begins-commercia l-rol....
 
Tags: NFC, Contactless Payments, Mobile Payments, APAC, China, China Mobile, Wu Mart

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