Chinese consumer payment systems SmartPay is now working with China Merchants Bank to jointly develop the mobile payment market.
According to the partnership agreement, CMB customers will be able to enjoy convenient mobile payment services using SmartPay's mobile and telephone payment platform. Services include purchasing airline e-tickets, digital goods, lottery tickets, payment of utility bills including pre- and postpaid mobile usage and to participate SmartPay promotional activities. A number of new initiatives are planned to broaden and diversify offerings toward consumers.
CMB and SmartPay believe that their increased cooperation in nationwide payment services will demonstrate continued leadership in making mobile and telephone payments more attractive for consumers, as well as increasing transaction volume and revenue.