“E-Wallet” occurs on a large scale pilot phase in China

“E-wallet” enters - stage in
Consumers can complete numerous types of daily transactions by simply swiping their mobile phones, such as commuting on the subway, buying movie tickets, having a meal at McDonald’s and even shopping in department stores. On Jan. 1, 2010, China Mobile Shanghai Branch launched a service allowing its users to pay for the subway by swiping their mobile phones. The city has gradually installed …

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