China Payments News - Motorola’s M-Wallet Launched in China

Motorola’s M-Wallet Launched in China

Motorola has announced that its mobile commerce solution M-Wallet has been launched in China market. The solution is deployed by Union Mobile Pay(UMPay), a joint venture between China Mobile Communications Corporation (CMCC) and China UnionPay.

Mobile users need to download and install the M-Wallet application on their mobile phones that support Java technology, and register their banking accounts to the mobile phones via UMPay.

Motorola’s M-Wallet solution provides enhanced user interface with secured and reliable service as compared to existing technologies based on SMS, IVR, USSD and WAP. Consumers can personalize financial needs such as account inquiries, money transfers, bill payments, utility payments and e-ticketing on their mobile phones, which will eliminate the need to go to banks or carry bank cards. In addition to mobile banking, the platform also provides B2C solutions for merchants that include merchant membership cards, electronic couponing and prepaid cards.

In addition to the end-user mobile solutions for banking and merchandising needs, Motorola’s mobile commerce offering also includes a back-end management platform. The back-end management platform, part of the Motorola’s Service Delivery Framework called GAMA (Global Application Management Architecture), is interoperable with back-office network elements for OSS/BSS for mobile network operators, financial institutions and merchants.

Launch in mid-2003, UMPay is the only mobile payment platform with a direct connection to CMCC and covers 14 out of the 16 major banks in China. In 2007 UMPay’s mobile payment platform reached 50 million registered users. The new solution with K-Java technology will further strengthen UMPay’s leading position in supporting M-Commerce by enriching end user experiences.

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