Articles published in PaymentsSource

Indian Rail Adds A Mobile-Booking Option
By  •  January 12, 2012  •  PaymentsSource •  325 words

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 of Railways, launched a mobile version of its popular online ticket-booking portal on Jan. 5. […]

China UnionPay Sets A 2013 Nationwide Mobile-Payments Goal
By  •  December 1, 2011  •  PaymentsSource •  250 words

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 in more than 20 provinces to accept NFC payments, according to the spokesperson. China UnionPay’s […]

Mobile Commerce Rising Rapidly In China
By  •  October 27, 2011  •  PaymentsSource •  247 words

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 yuan (US $1.7 billion or 1.2 billion euros) in the third quarter of this year, […]

Beijing Telecom To Support China UnionPay Mobile Payments
By  •  October 25, 2011  •  PaymentsSource •  266 words

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 customers must upgrade their phones at any of 70 Beijing Telecom outlets around Beijing. During the upgrade, […]

SoftBank Launching Contactless-Payment Trial With Android Smartphones
By  •  January 21, 2011  •  PaymentsSource •  192 words

SoftBank Mobile Corp. 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, including MasterCard Worldwide; Kyodo Printing Inc.; HTC Corp.; Orient Corp., Japan’s largest service provider of MasterCard PayPass […]

RePay International Takes ClimaCount Card To China
By  •  January 18, 2011  •  PaymentsSource •  34 words

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 Unicom Launches Mobile-Payment Service In Beijing
By  •  January 11, 2011  •  PaymentsSource •  189 words

China’s second-largest mobile-network operator China 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. The SIMpass card is compatible with mobile phones using 2G networks, a Beijing-based Unicom customer service representative tells […]

PayPal Seeks To Set Up Its First Foreign Currency Clearing Platform In China
By  •  January 3, 2011  •  PaymentsSource •  248 words

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 has plans become the financial-services center of western China, and we are happy to support […]

China Telecom Expands Mobile-Payment Service To Ningbo
By  •  December 8, 2010  •  PaymentsSource •  201 words

China’s largest telecommunication operator China Telecom Ltd. is partnering with the Bank of China Ltd. and China UnionPay to offer a mobile-payment service in the city of Ningbo in China’s Zhenjiang province. The service, dubbed the Tianyi Great Wall Card, uses SIMpass Near Field Communication technology developed by Singapore-based Watchdata Technologies Pvt. Ltd. and complies […]

China Migration To Chip Cards Under Way
By  •  November 18, 2010  •  PaymentsSource •  19 words

Chinese banks will replace magnetic stripe cards with smart cards by 2015, according to an official from China UnionPay.