Mobile phones鈥 3-in-1 service
Print Edition
CHINA Mobile users in Shanghai can now use their phones to pay Metro fares by directly swiping their phones through the turnstiles with an upgraded technology, the country’s No. 1 mobile carrier said yesterday.
The new services include a mobile application featuring mobile payment and other financial transactions, the services providers China Mobile, Shanghai Metro and the Shanghai Pudong Development Bank said.
The technology also allows people to pay bills in 20,000 stores in Shanghai including Xujiahui and Nanjing Road West regions. To protect consumers, there is a limit of 1,000 yuan (US$164) per day. That will limit the losses in case people lose their phones.
“It is the first time that people can enjoy 3-in-1 services that involves a bank card, mobile payment and Metro payment,” China Mobile said in a statement.
In 2010, Shanghai Mobile launched similar services during the World Expo for a short period. It then stopped the services for technology upgrade.
Consumers can access the service by replacing their SIM cards with radio frequency identification (NFC) technology at Shanghai Mobile’s outlets if they have NFC phones.
By 2015, more than half of the smartphones will feature NFC function globally, according to Gartner, a US-based research firm, boosting potential for payments made from mobile phones.
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