Latest News:  

English>>Business

UnionPay launches mobile-pay device

(Shanghai Daily)

10:28, July 19, 2013

In a bid to woo individual users, China UnionPay, the country's sole bankcard transaction settlement company, yesterday launched a portable payment device that can be attached to smartphones.

Shanghai-based UnionPay has been beefing up its presence on the retail front especially in the face of the rising number of mobile apps offered by non-financial payment firms such as Alipay, in contrast to its previous focus on serving vendors and financial institutions and building networks at home and abroad.

Smartphone users with iOS and Android operating systems can use the portable device to check the balance of their debit cards and pay credit card bills as well as public utility fees and conduct real-time transfer to other China UnionPay debit cards.

Other third party payment service providers like Alibaba's Alipay and Tencent's Tenpay also offer similar cross-bank transfer service but usually the transfer takes at least one working day to go through.

The "Colorful" swiping machine is now available at online shopping site JD.com and will be offered at other retail channels later, officials said.

We Recommend:

Born to lead: 2nd gen of Chinese tycoons

Model in see-through dress poses at auto show

Mortgage slaves' decade in real estate fever

2013 China Int'l Boat Show kicks off in Zhoushan

China Changchun Int'l Automobile Expo kicks off

Forbes names China's 50 best CEOs

Migrant workers' high incomes not that rosy

Chinese grads' unconventional jobs

In pictures: history of China's auto industry

Email|Print|Comments(Editor:ChenLidan、Ye Xin)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. HK Youth Military Summer Camp opens

  2. PLA special forces hold military skills contest

  3. Global crisis of land subsidence

  4. Woman recognized as world's oldest

  5. Fuzhou tops the list of hottest cities in China

  6. Photo: Voyage to Sansha

  7. Bikini girls highlight Japanese Uminohi

  8. The story behind models at auto show

  9. The foreign dairy conundrum in China

  10. Cross-sea bridge to be open in E China

Most Popular

Opinions

  1. What are so-called 'eight facts' of the Philippines?
  2. US surveillance program clouds US-European ties
  3. Abe's anti-China machinations doomed to fail
  4. China's recent slowdown not hard landing
  5. U.S. experts optimistic about China's growth
  6. Harmony is the theme of China's ocean strategy
  7. It is right time to invest in China
  8. Two-way fluctuation essential for RMB reform
  9. Brands face constant battle to attract, keep buyers
  10. Kennedy may prove wise choice as envoy

What’s happening in China

Charger shock for iPhone user

  1. Fake love avoids home-buying rules
  2. 129 on trial for telecom fraud in E China
  3. Maritime fire drill held in South China Sea
  4. China's tallest building to be finished by 2015
  5. Sichuan rainstorms result in water shortage