Move and Pufa deepen cooperative mobile payment products to be released next year

In China Mobile (00941.　　HK) 1 months after the completion of the stake in Shanghai Pudong FA Bank (600000.SH), cooperation finally fell from the desktop file to concrete action.　　Yesterday, the two sides announced the signing of the strategic Cooperation Agreement, the two sides will be in the field of payment and remote payment of mobile phone payment in the area of a series of cooperation, and will jointly develop and promote the provision of a variety of financial services, mobile financial software and mobile payment security solutions. On March 10 this year, China Mobile announced the acquisition of more than 2.2 billion new shares in Shanghai Pudong Bank with 39.801 billion yuan, and after the deal was completed, China Mobile, which holds a 20% per cent stake in Pudong Bank, has become the second largest shareholder in the latter through its subsidiary, Guangdong Mobile.　　October 15, the equity delivery was formally completed. According to the reporter understand, China Mobile and Pudong Development Bank will jointly for mobile phone users to promote mobile wallet, mobile financial software, mobile phone payment security solutions, and cooperation or to explore public utilities, recharge accounts, mobile phone remittances and many other mobile payment applications. In terms of mobile remittance business, this business can give full play to the advantages of mobile communication services have covered the vast rural areas, enhance the breadth and depth of personal financial services.　　In addition, the cooperation also includes both client and channel resource sharing. In the third quarter of this year, China Mobile's Internet market was 4.25 billion, an increase of 3.9%, especially mobile e-commerce compared with a 5.1% increase in the previous quarter, according to mobile internet market data released in the third quarter of 2010.　　Eric Consulting predicts that mobile E-commerce will continue to maintain a steady growth posture, to promote the development of mobile Internet market is an important force. "In our vision for the future, mobile phones can not only go shopping in the mall, swipe on the subway, but also withdraw money directly from ATM machines," he said.　　"Pu FA Bank personal Bank headquarters Electronic channel department general manager Shi Jianhua to our correspondent, which involves the transformation of ATM machines, but also involved in the transformation of the opponent, the need for mutual cooperation."　　More importantly, the two sides also want to introduce more innovative products, such as current mobile phone payments can only be small payments, the two sides are exploring cooperation, including through the mobile phone for large payments.　　According to Shi Jianhua, PU FA Bank has accumulated a number of mobile phone banking users, but not large, plans to set up a new department-"Mobile finance department", China Mobile also sent personnel to assist. "However, the biggest problem with mobile payments is that there is no uniform standard across the industry, and industry standards at the national level are expected to come soon," he said. Shi Jianhua said that after the standard, the two sides plan to formally launch the first cooperation product in 2011 years.