China Mobile Payment Company Formally Established

Yesterday, the reporter learned from China Mobile that the payment company that China Mobile has been planning for a long time has obtained a business license this month and was formally established. At this point, all three domestic telecom operators have set up similar companies, and obtaining third-party payment licenses will be the key for operators to enter the payment market.

It is understood that the name of China Mobile Payment Company is "China Mobile E-Commerce Co., Ltd." and the related work of the company will all be run by the China Mobile Electronic Commerce Base in Hunan.

In addition to China Mobile, the other two telecom operators have already started the layout of related services. Among them, China Telecom Tianyi Electronic Commerce Co., Ltd., which was established in March of this year, was the earliest payment company established by operators. In April, Unicom's Woyifu Network Technology Co., Ltd. was also established. Although three operators differ in the establishment of payment companies, they are actually on the same starting line as operators who have not obtained a third-party payment license actually pay for the company.

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