China Telecom recently launched a low profile financial management products, "Tim Yi Bao"

Tencent Technology Guo Xiaofeng reported on May 14

In the frenzied frenzy of Internet finance, telecom operators tentacles also quietly stretched here. According to Tencent Technology was informed that China Telecom recently launched a low profile financial products, "Tim Yi Bao," through the wings to pay clients and web pages can be opened this service.

From the exclusive access to information Tencent point of view, the service officially launched on March 28, which is owned by China Telecom's Tianyi e-commerce Co., Ltd. ("wing payment") is responsible for the development and operation of the Fund is based on financial management Products, its first partner is China Minsheng Bank.

The basic form of service and the current Internet financial products similar. Users open the "Tim Yi Bao", the account balance can be automated financial; deposited in the wing payment account funds can be withdrawals and consumption at any time, but also get benefits, the entire process will not have any fees. For example, for a user who consumes 89 yuan a month, if the one-time deposit is 20,000 yuan, the annualized financial income for one year is equivalent to the annual bill in terms of the annualized yield of 7 days in the past 3 months (about 5) expenditure.

In order to attract customers, as long as China Telecom "enjoy 3G" package users in the June 30, 2014 opened "Tim Yi Bao", not only can be based on the money-based financial revenue, you can receive 4GB of traffic. At present, the official data given by China Telecom shows that more than 110,000 users nationwide have opened up "Tim Yi Bao."

"Tim Yi Bao," the Internet financial products can be said that China Telecom in the field of Internet finance once again useful exploration.

By the end of 2013, China Telecom proposed the strategic goal of "building a new type of China Telecom" and pushed forward the development of innovative businesses. Among them, the financial sector with the theme of "Serving People's Livelihood and Promoting Inclusive Financial Services" is an important component of China Telecom's innovative business.

Impact on the Internet financial products how much? Data show that the three major carriers of subsidiaries were in December 2011 to obtain third-party payment license, the qualification is clearly not a problem, although the start late, but its own number card bundle advantages can not be ignored.

The current market is more circulating argument is for the current telecom operators to launch the contract machine, which means that customers deposit money in advance to buy a contract machine, the operator will buy it into a money-based fund, even with the benefits of the return, at Get calls, terminals, traffic, but also can carry out financial management, other Internet financial products can not be done. And this is also the extension effect of sticky advantages of the basic operator card.

It is reported that not only China Telecom's "Tim Yi Bao," the other two related products are also in preparation. After the issuance of the 4G license, China Mobile will launch the "and package" payment brand. According to China Unicom, "Wo pay" has been on the line, the product is mainly with China UnionPay cooperation. In the financial products, there is news that China Unicom and ICBC Credit Suisse Fund, China Mobile and Huitianfu Fund is discussing cooperation.