SmartPay Launches Payment Services in Chongqing

In addition, mobile subscribers will be able to access a wide variety of payment and information services. Partner merchants and banks including China Unicom, Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC) have already been fully integrated into the system. Other large merchants and banks will be added in the coming months. The system launch in Chonqing closely follows the launch of SmartPay services in Shanghai and Anhui. With the addition of Chongqing, over 11 million mobile phone subscribers can now use SmartPay to pay for merchant offerings conveniently and electronically. Customers can easily register for the SmartPay service through ICBCs phone banking system (dial 95588) or ABCs extensive network of over 500 branches. Customers can also access the service through SmartPays website at http://www.smartpay.com.cn . SmartPays coverage continues to expand. In the coming two quarters, the Company expects services to commence in Jiangsu, Zhejiang, Beijing, Hebei, Liaoning, Shandong and many other provinces