Mobile payments in China to get their standard, go with nfc

china mobile payment standard nfc

 

Mobile Payments in China are to receive a technical standard piloted by the People's Bank Of China it was announced yesterday, according to China Daily

NFC is set to become the leading technology, with the choice between 13.56MHz or 2.4GHz still to be made.

China Unicom will be the first to launch an NFC product, having introduced a device jointly with China Merchant bank on Monday.

 

 

So, they're working on it, how important does everyone think this is?

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