NFC Times Exclusive – Seven major Chinese banks have launched NFC mobile payments using host card emulation, or are planning to do so soon, as they and payment network China UnionPay try to roll out mobile payments more widely and guard their turf against such Internet players as Alipay and Tencent Holdings.
The Android-based services would be in addition to Apple Pay, which the banks and UnionPay are expected to participate in when it launches in China, anticipated in coming months.