China’s big domestic payment network, China UnionPay, is moving forward with plans to roll out mobile payment on microSD cards in full NFC phones–lining up one of China’s biggest banks and models from at least six handset makers for the initial rollout.
Xu Yanjun, general manager of the company’s technical management department, speaking at a recent mobile-payment conference in Beijing, said China Construction Bank and a smaller regional bank already have as many as 100,000 users.
It’s not clear how many microSDs the banks have issued, or how much customers use them, but NFC Times has learned Construction Bank has ordered at least 120,000 cards and may have a tender request out for 500,000.