Feb 06, 2012 05:50 PM

Battle for Bill Payers Pits Telecoms, UnionPay

By intern reporter Qin Min

China Mobile, China Unicom and China Telecom have won government permission to offer services that let customers pay bills and buy goods by tapping or waving a handheld device.

The technology is expected to open doors to new revenue sources for the telecoms and extra conveniences for their customers. But so far, neither the telecoms nor mobile subscribers are cheering the regulatory decision.

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