In a bid to increase the speed of adoption of mobile contactless payments, China Mobile and Orange are jointly promoting interoperable, SIM-based NFC standards. Cooperation will include service model design, marketing strategy and product standards for mobile payment. "By working together with China Mobile, we hope to show that the development of a SIM-card based approach using recognized standards will be a key factor in winning over consumer confidence as NFC services become more and more prevalent over the coming years," said Thierry Millet, Orange vice president of mobile payment and contactless solutions.

Related Summaries