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China Unicom to Launch 'Rapid Payment' Service

Sina Tech, 4/05/12

Dai Renfei, GM for China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) payment subsidiary China Unicom Wo Yifu Network Technology, revealed recently that the operator is preparing to launch a "rapid payment" service allowing subscribers to connect their mobile numbers to ATM or credit card accounts to enable payment from their bank accounts using only their mobile phone numbers and a payment PIN. Wo Yifu's official microblog account features a notice seeking 500 users to test out its "rapid payment" service.

Keywords: mobile payment Unicom Wo Yifu Dai Renfei China Unicom wireless 0762.HK 600050.SH CHU

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