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WKN DE: A1C5WJ / ISIN: NL0009538784

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23.12.2014 10:30:24

NXP's Mobile Payment Solution Adopted By China Merchants Bank

(RTTNews) - NXP Semiconductors N.V. (NXPI), a secure connections solutions provider, Tuesday said it recently announced the adoption of its mobile payment solution by China Merchants Bank or CMB for its latest financial product 'All in One Mobile'.

The move enables NXP to become a core partner of CMB for its industrial innovation. NXP said it also received recognition from key Chinese banks as well as China UnionPay.

According to the firm, the launch of CMB's 'All in One Mobile' reflects NXP's proactive industry innovation in order to construct an eco-system for mobile transactions.

'All in One Mobile' enables secure payment of large and small amount mobile phone payments through secure connections, and allows the deposit and withdrawal of cash at ATMs through mobile phones.

Hu Tao, General Manager of CMB's Retail Banking Department, said, "Given NXP's leading position in mobile payments, we are very pleased to be in partnership with the company to jointly establish an eco-system for mobile finance. Now we can offer more secure and convenient mobile payment options for consumers and smartphone users in China."

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