Sunday, July 24, 2005

Mobile payments in China

It seems that there is a mobile payments in China (SMS based): SmartPay Jieyin Ltd: About Us

Pay, with SmartPay

An example of a typical SmartPay transaction is the payment of a monthly mobile phone bill. The mobile operator sends the bill directly to a SmartPay user's phone through SMS. The user simply has to reply, and SmartPay deducts payment from the user's bank account and credits the merchant. It is simple, fast, and safe. Users can also access the system through web, WAP, IVR, and other convenient interfaces.

How SmartPay Works

SmartPay works by linking a user's bank account to their mobile phone number. The user can register for the service through a phone bank interface, the internet or at the bank counter. The mobile phone then acts as a 'digital identity' certifying the user and allowing SmartPay to process payments on their behalf for products and services purchased from participating SmartPay merchants.

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