On February 25, 2013, China mobile to China unionpay at mobile world congress in Barcelona in 2013 shows the China mobile is the commercial launch of "mobile money" products, and with China unionpay for the connection of credible service management platform.
China mobile and China unionpay in mid - 2012, reached a strategic cooperation framework agreement in product research and development, technical standards, to accept the environment construction, marketing, and other fields to carry out the depth of cooperation and jointly promote the development of mobile payment industry. The jointly issued cooperation achievements, it is a proactive, innovative, convenience payment product innovation, the product can be loaded in the mobile phone SIM card PBOC2.0 standard bank card. Users only need to hold a conforming to the guidelines of China mobile NFC mobile phones and NFC - SIM card, through China mobile phone wallet client download bank card, can have the unionpay pay "flash" logo of the POS for the "brush" new experience of mobile payment. At present, the bank of China, postal savings bank, Shanghai pudong development bank, China citic bank, guangdong development bank, everbright bank, etc. The issuing bank will be the first cooperation. China mobile, the "mobile money" products will be spread in the whole nation in March, and preferred layout fourteen key regions such as Beijing, Shanghai, guangzhou.
China mobile is China's largest mobile operator, has the world's first network and customer scale, China unionpay is a world international bank card organization of the international competitiveness and influence, is China's mobile payment industry actively advocates on both sides with the main driving force. At present, China unionpay has to complete 1.2 million units across the country not connect terminal renovation, polymerization acceptance network, merchants and cardholders resources; China mobile is also planning to sales in 2013 being the size of the NFC mobile phones, integration of mobile phone manufacturers, chip makers such as industry chain upstream and downstream. Both sides of docking platform, for mobile payment "ground" to create a good environment, realize the industrial chain win-win cooperation. The future both sides will promote the development of business scale, and constantly expand the application field and scope, to create more value for customers.