Bank of China customers can use the mobile payment app without enrolling in the banks mobile banking service. However, unless they also use Bank of Chinas mobile banking service, customers are limited to USD 165 per mobile payment transaction.
In October, Bank of China launched the BOC Easy Payment mobile app, which enables consumers to transfer money between each others smartphones using NFC. They can also use the app to make in-store purchases using QR codes.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.