All of China’s bank-led payment platforms and third-party payment providers would have to ensure their customers use their real names when paying online under regulations the People’s Bank of China proposed Jan. 5.
Use of nicknames or false names poses… Read the rest
Passengers on the Indian Railways, the world’s second-largest rail network, now may use their mobile phones to book their tickets through a new offering from the Indian Railway Catering and Tourism Corp.
The agency, an information-technology venture under the Ministry… Read the rest
China UnionPay has enabled more than 3.8 million merchants to accept Near Field Communication-based payments as part of a push to expand mobile-payments acceptance in China, a spokesperson for the card organization tells PaymentsSource.
The company has enabled point-of-sale terminals… Read the rest
Mobile e-commerce is taking off rapidly in China, according to a report released Oct. 26 by the Beijing-based iResearch Consulting Group.
China’s total mobile market, including not only e-commerce but also games, advertising and other value-added services, reached 10.83 billion… Read the rest
The Beijing branch of China Telecom Corp. Ltd. has begun enabling customers to make payments using their China UnionPay cards over its mobile network as part of a pilot that launched Oct. 20.
According to the company, interested… Read the rest
SoftBank Mobile Corp. will start a Near Field Communication payment pilot with smartphones powered by Android 2.2 operating system late this quarter, the Tokyo-based subsidiary of Japanese telecommunication operator SoftBank Corp. announced Jan.18.
Seven other companies also will participate,… Read the rest
Netherlands-based RePay International Ltd. and Chinese loyalty-management company China Rewards Pvt. Ltd. jointly plan to introduce the ClimaCount Card Scheme, a carbon-offset program, to the Chinese market, the two companies announced on Jan. 11.
China’s second-largest mobile-network operator China viagra has begun offering a contactless mobile-payment service in Beijing.
Launched Dec. 31, the service is based on a SIMpass card, the Near Field Communication technology provided by Singapore-based Watchdata Technologies Pvt. Ltd.… Read the rest
PayPal Inc. this year will set up its first foreign currency settlement platform in Chongqing, China, along with five international e-commerce centers under an agreement the unit of eBay Inc. signed with the Chongqing Municipal Government on Dec. 28.
“Chongqing… Read the rest
Debit card issuance has dipped slightly in Japan over the past two years, a new report suggests.