The Institute of Microelectronics (IME), a research institute of the Agency for Science, Technology and Research (A*STAR) of Singapore, and Watchdata have partnered to develop on mobile payment solutions.

China Unicom Beijing Branch and Beijing Municipal Administration and Communications Card Co. (BMAC) have jointly launched a new mobile payment service using Watchdata’ SIMpass™ technology.

China UnionPay has collaborated with commercial banks, mobile operators, phone manufactures and other industry players to establish a new Mobile Payment Industry Alliance.

China Mobile is close to buying a stake in Shanghai Pudong Development Bank in a deal that could spur adoption of the carrier’s mobile payment system across the mainland, according to South China Morning Post.

VeriFone Holdings, Inc. has announced that it is co-lead investor in a reverse merger financing for Trunkbow International Holdings Ltd., a Jinan, People’s Republic of China-based mobile payments and value-added service applications company.

Tieto has provided consulting services for China Mobile’s online application store called Mobile Market.

The ICBC Mobile Payment American Express® Card, China’s first dual-currency credit card with mobile account payment capabilities and features, was officially launched on Nov. 11 by the Industrial and Commercial Bank of China (ICBC), Union Mobile Pay (UMPay) and American Express.

Citibank China is offering a new mobile banking service in partnership with Mobile Money Ventures, LLC (MMV), a leading global solutions provider of the next generation of mobile financial services.

China’s mobile phone maker Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd. has joined the Near Field Communication (NFC) Forum as an Implementer Member.

Watchdata reports that a new mobile payment service based on Watchdata’s SIMpass technology has been launched in Chongqing City by China Unicom and Chongqing Yucheng Transportation Card.