At today's Beijing 2013 Intel Information Technology Summit, China UnionPay announced a partnership with Intel to develop mobile payments.
Utilizing Near Field Communication (NFC), mobile payments, and Intel® Identity Protection technology, Intel and China BankPay are organizing bank cards to make mobile payments more convenient and secure. During the keynote speech by Fei Daoming, Mr. Chai Hongfeng, Executive Vice President of China UnionPay, introduced the UnionPay “Flash Payment†service. Through this service, consumers can use Intel processor-based NFC smartphones to purchase goods from more and more places such as department stores or vending machines.
Intel continues to promote innovative user usage models such as NFC mobile payment to enhance the user experience. China UnionPay is constantly improving its innovative products and service systems, including mobile payment, to meet customers' convenience and security through integration with emerging information technologies. The need for efficient payment services. The strategic partnership between the two companies focuses on three areas: smart payment solutions across device platforms, end-to-end security solutions, cloud computing and big data solutions.
Mr. Chai Hongfeng, Executive Vice President of China UnionPay, said: “UnionPay is vigorously promoting the popularization and application of financial IC cards. At present, the cumulative number of financial IC cards has been issued more than 130 million. The national POS and ATM terminals have basically completed the acceptance and transformation, of which more than 1.2 million terminals The 'Flash Pay' function has been supported. UnionPay is also accelerating the mobile payment business, especially leading and promoting the development of NFC mobile payment, and mutually beneficial and win-win with all parties in the industry chain to jointly promote the progress of the mobile payment industry.
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