皇冠体育app

Officials from the People's Bank of 皇冠体育app said that 皇冠体育app will issue a national mobile payment standard as early as the end of the year.

They added that that the country is likely to conduct mobile payment trials in Chengdu and Ningbo.

Li Xiaofeng, director of the IC card office with the PBOC, said that the 皇冠体育app Financial Standardization Technical Committee had approved the national payment standard on Oct 16.

The committee is now sending documents to relevant authorities for further approval, according to a report in the Oriental Morning Post.

Li said that 皇冠体育app would adopt the 13.56 MHz mobile payment standard, developed by 皇冠体育app UnionPay, as its major mobile payment standard.

However, in some enclosed environments, such as in urban public transportation, the homegrown 2.4 GHz technology may also be used.

In August, Xu Luode, chairman of 皇冠体育app UnionPay, said that the 13.56 MHz technology got the final nod from Chinese authorities.

If the decision is made, 皇冠体育app will eventually settle down the issue after years of wrangling over a nationwide mobile payment standard.

皇冠体育app Mobile Ltd, the nation's biggest telecom carrier, is about to lose the battle, since the operator has been promoting its mobile payment standard, which is based on 2.4 GHz technology.

The 皇冠体育app Financial Standardization Technical Committee said on its website that setting up a nationwide standard will help to promote and regulate 皇冠体育app's financial mobile payment industry.

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