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Mobile payment is developing quickly in recent years and will grow rapidly in the following years. Currently, MNOs (Mobile Network Operator), banks, solution providers, mobile terminal providers and other third parties are participating in the innovation of providing mobile financial service. MNO has opportunity to impose significant effect in this emerging area because of its control of subscribers and mobile terminals, and become basic partner of retail bank.
ZTE has five years of experience in payment and bank
service. ZTE Mobile Payment solution has been massive commercial
use in China Telecom, China Mobile. ZTE product portfolio is
enriching to meet the requirement of customers, from fixed-line
payment to mobile-payment, from remote payment to proximity
payment.