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Smartpay Launches Payment Services In Shanghai

Smartpay Jieyin Ltd. (Smartpay) today announced the launch of the first mobile shopping service in Shanghai, partnering with Shanghai Unicom and China Merchants Bank (Shanghai Branch).

Starting today, over 3 million Shanghai Unicom subscribers can purchase pre-paid mobile "top-up" cards, long distance VoIP minutes, ISP access, online gaming time and other products and pay for them electronically using Smartpay. Customers can register for the service through dialing a phone banking system, accessing Shanghai Unicom's consumer service website (http://www.165u.com) or logging on to either the Smartpay user registration website (http://www.smartpay.com.cn). After registering, customers can simply send an SMS to access a menu of products available for sale.

Smartpay operates consumer payment transaction services in China under the brand name "Jieyin." A typical transaction involves a user paying for a pre-paid mobile phone top-up or long distance VOIP services using Smartpay's convenient SMS interface. Smartpay's board and management include founders of some of China's most successful technology companies, including Linktone and AsiaInfo.

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