China Post's foray into mobile payment, systems development-China post, mobile payment-IT news China post into the mobile payment systems developed independently

On July 9, in recent days, according to relevant sources, China will invest 100 million Yuan to build bases of electronic payment services, enter the mobile phone and Internet payment services, people's Bank of China Chongqing's sales department is currently inviting applications.

Notice under Chongqing sales apply to the Ministry of information, the postal payment services limited in the registered capital of 100 million Yuan, of which, China Post Group invested 82 million Yuan, versus 82%; postal company has invested 9 million Yuan, Chongqing, 9%; postal company has invested 9 million Yuan, Shaanxi Province, accounted for more than 9%, Office locations located in Chongqing.

Announcements, postal payment Services Limited intends to apply for the payment type as "Internet" and "mobile payments" coverage for the country. Related to the use of the payment service system developed by the company's independent payment system daily operation, maintenance and upgrade of the company's own, not outsourced.

Worth noting is that in the express delivery industry, China post, SF has to pay licence, however SF does not cover business and its Hey Inn Express, e-commerce, and other business open.