Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
• Mobile Money Transfer World Conference 2009 @ New Delhi - 2009/07/28
• APNIC 28 @ Beijing - 2009/08/24
• Social Networking World Forum Asia @ Singapore - 2009/09/22
• Optical Transmission Vision APAC @ Singapore - 2009/10/19
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
China Mobile Launches New Bank Service
November 14, 2006 |
Print
| 
Email
| Category: Telecom & Wireless
Beijing Liandong Youshi (UMPay), an affiliate of China Mobile (CHL) which is responsible for the company's mobile phone banking service, has announced that China Mobile has reached an agreement with 19 domestic banks to jointly promote a mobile phone SMS-based banking service.
With this new service, which is called "Yin Xin Tong", mobile phone users will be able to obtain financal information through their mobile phones and wireless POS by sending text messages or logging in through GPRS and WAP.
A representative from China Mobile has told local media that some of the 19 banks include Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, Industrial Bank and Huaxia Bank. According to their agreements, the 19 banks will buy a mobile phone short message and group message sending terminal from China Mobile to provide financal service to their clients.
At present, the service can be used to remind users about card use, notify them about account transfers and loan payments, and make inquiries on bank accounts, bank transaction, stock and foreign exchange information.
UMPay says that because the service is being tested, it is free for the time being. But a detailed charging system will come out soon.
UMPay is a joint venture between China Mobile and China UnionPay. Each holds 50% stake in the company.
Recommend this page: 
Loading ...Join our China Tech Forum to discuss many more topics!
Leave A Comment:
-
Business
-
Commentary
- Focusing On The Bigger Picture With China's Green Dam Security Software
- Chinese Mobile Phones Lacking IMEI Numbers Face Death In India
- What Is China's Internet Marketing Outlook For 2009?
- China's Baidu.com: Drugged And Screaming For Better Management
- Benchmarks For Corporate Computer Efficiency In China
-
Computing
- Green Computers Donated To Chinese Schools
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites
- Hasee To Set Up R&D Center In Taiwan
- Into Africa: China Great Wall Computer Arranges JV In Algeria
-
Gadgets & Electronics
-
Internet
-
Law & Policy
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- Campaign Launched Against Chinese Internet "Cultural Irregularities"
- China Implements Stricter Management Of Virtual Currency
- "Sex" Will Be Taboo On Chinese Internet From July 1
- Sogou Sues Tencent Over Unfair Competition In China
Copyright 1999-2009 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from BDL Media. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 