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China Mobile Gains over 10mn Mobile Wallet Service Users
[June 14, 2006]

China Mobile Gains over 10mn Mobile Wallet Service Users

(SinoCast Via Thomson Dialog NewsEdge)BEIJING, Jun 14, 2006 (SinoCast via COMTEX) --China Mobile, a top mobile telecom operator in the country, has gained over 10 million Mobile Wallet service subscribers, and the user base is expected to reach 15 million people by the end of the year, sources familiar with the matter unveiled.

Moreover, the Ministry of Information Industry, China's telecom industry authority, posted the carrier's total customers shot to more than 300 million not long ago, indicating one of 20 China Mobile users are enjoying the service of Mobile Wallet.

China Mobile has launched the service in nine provinces and cities across the nation such as Beijing, Shanghai, Tianjin, Hubei and Guangdong.

Subscribers are not only able to pay phone bills and inquire deposit on bank cards, but can buy e-air tickets and shop as well via the service. At the moment, users also can buy movie tickets through the service in Beijing.

Union Mobile Pay, a venture co-established by China Mobile and China Union Pay in 2003, is committed to offering Mobile Wallet service to China Mobile Users, which provides a convenient yet flexible payment mechanism for mobile users, and an innovative and powerful payment solution for merchants.

From Beijing Modern Business Daily, Page 1, Tuesday, June 13, 2006

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