China Mobile Launches Mobile Phone Purse

China Mobile Launches Mobile Phone Purse

China Mobile has teamed up with Minsheng Banking Corporation to offer a mobile phone financial service. It allows users to pay phone fees through mobile phone, China Radio International reported.

Users of China Mobile can now bind their Minsheng banking accounts with their mobile phone numbers, and thereby pay their phone bills by effectively using their phone as a mobile purse. Besides paying service fees to China Mobile, this “mobile purse” can also be used to buy lottery tickets, pay insurance bills and to cover other financial payments. – (World IT Report.com)

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