Telecoms Firms Ready for Mobile Payment Services Next Year

(Beijing) – The country's telecoms operators are preparing to roll out mobile payment services next year that will allow bill and point-of-sale transactions to be completed.

China Mobile, the country's largest telecoms operator, is expected to sell more than 10 million mobile phones that have near-field communication (NFC) payment functions in 2013, Li Yan, technology director at the company's e-commerce subsidiary, said on December 6.