China Post Invests CNY100 Million In Mobile Payment Services

July 14, 2014 | Print | Comments | Category: Internet, Security, Telecom & Wireless







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China Post plans to invest CNY100 million to build an electronic payment platform for mobile phone and Internet payment services.

The People's Bank of China has already accepted a related application from China Post's Chongqing operation and management department, so this is the first step in the organization's nationwide service roll-out.

The application reportedly shows that China Post's electronic payment service company will have registered capital of CNY100 million. Of the total investments, China Post Group will invest CNY82 million, accounting for 82%; China Post Chongqing company will invest CNY9 million, accounting for 9%; and China Post Shaanxi company will invest CNY9 million, accounting for 9%. The headquarters will be located in Chongqing.

China Post's electronic payment service company applied for the operation of Internet payment and mobile phone payment business, which covers a nationwide area. The company will independently develop the related payment business system and will be fully responsible for the daily operation, maintenance, and upgrade of the system.

China Post did not announce a specific date for the service to commence.





One Response to “China Post Invests CNY100 Million In Mobile Payment Services”

  1. By Debra LevineMay 6, 2015 at 10:32 pm

    a package has been missing that came from china post. Tracking is RI416246 926 CN the package has reached the United States it is now somewhere in Miami Florida and it was supposed to be shipped to me in Fort Lauderdale Florida South West 25th Avenue Fort Lauderdale Florida 33312 can you help me

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