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At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports... More
Facial recognition debuts at China’s banks — Xinhua News Agency — “At the Agricultural Bank of China’s (ABC) three outlets in Jinan City, cards are no longer needed to withdraw money. A quick scan of the face will do… Other banks, such as the China Merchants Bank and the Construction Bank of China, have also introduced similar technology in their ATMs.”
Customers of China Merchants Bank will be able to withdraw cash using face recognition technology installed in all of the bank’s ATMs in Shanghai by the end of 2017, South China Morning Post reports... More
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market. More
Chinese smartphone maker Xiaomi has unveiled Mi Pay, an NFC-based mobile payment service expected to be made available on the Xiaomi Mi 5 handset with support from a number of the country’s banks. More
Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards. More
Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank... More
Apple Pay has begun rolling out across China, letting consumers pay in-store with compatible Apple devices using their China UnionPay credit and debit cards at QuickPass-enabled POS terminals as well as make purchases within participating mobile apps. More
Mobile network operator China Telecom is to launch an NFC mobile wallet in China later this year, in cooperation with more than a dozen financial institutions... More
China Unicom is to to use Gemalto’s UpTeq NFC SIM to secure the Unicom Merchants’ Bank mobile wallet it is rolling out in conjuction with China Merchants Bank (CMB)... More
China Mobile, the country’s largest mobile operator, has reached agreements with subway and bus companies in 30 cities to allow users to make payments through mobile phones next year, reports Caixin Online... More
China Mobile, the world’s largest mobile network operator with close to 700m subscribers, is to demonstrate its NFC payments platform for the first time on 5 December at its Worldwide Developers Conference... More
The bank and mobile network operator plan to follow the introduction of the Unicom Merchants Bank mobile wallet service in Shanghai with a national rollout that could ultimately make the service available to all 43 million of the bank’s credit card customers. More
The mobile operator has signed up five Chinese banks and five transport operators for the commercial launch of its NFC service, scheduled to take place during the second quarter of 2010. More