New era of mobile payment in the future
Updated: 2011-08-31 22:55
By Li Yu (chinadaily.com.cn)
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August 31st witnesses the great moment when a strategic cooperation agreement is signed between China UnionPay and 360Buy in Chengdu, the capital of Sichuan province. Thus a new era is about to open as customers of China UnionPay only need to imbed a SD card into?a mobile phone to effect the purchases and payment.
In the future, customers of China Union Mobile payment can not only enjoy the convenience of Internet purchases, but also of public utilities fees paid by mobile phone, according to President Xu Luode of China UnionPayment.
Meanwhile, this significant cooperation is of vital importance to the development of E-Commerce in Chengdu. More E-Commerce enterprises will be drawn to seek for further development in Chengdu, which helps Chengdu develop its E-Commerce industry and grow into a major E-Commerce city.
"Apart from E-Commerce, Chengdu will speed up its development of e-government so as to shorten the distance between citizens and public service and make their life more convenient," said Ge Honglin, mayor of Chengdu.