Refers to the mobile payment, mobile operators, mobile application service provider (MASP) and financial institutions jointly launched the construction, in the mobile operation support system on a mobile data value-added business applications; is traded through mobile devices, using wireless way by bank transfer, payment recharge, shopping and online payment service business transactions.
Mobile terminals usually use mobile phones mainly for mobile phones. As the emerging electronic payment way, with convenient, fast and safe whenever and wherever possible and many of the characteristics of mobile payment, as long as consumers have a mobile phone, you can complete the financial transaction, enjoy the convenience of mobile payments.
With the popularity of mobile payment means and the gradual recognition of the public, the demand for building a city card has become the trend of the times. Generally speaking, the city card system requirements within a city or a city group should adhere to the principle of "one card, a standard, a company" principle, adhere to the enterprise, and based on the principle of the market, the formation of the city card company. City card is the tenet of the company through investment construction and management of city card electronic transaction fee system, mobile phone and wallet account to achieve account binding through the mobile phone SIM card, the convenience of the public, improve transaction efficiency, reduce operating costs.
In December 14, 2012, the people's Bank of China officially released "China financial series mobile payment technology standards", covering the application, security, equipment, payment application, the universal network 5 categories of 35 standards, from the aspects of product form, business mode, networking, security and other specific requirements of the system of technology, covering Chinese financial mobile payment basic elements, all aspects of the security requirements and implementation plan, establish the technology architecture to the generic networking, security and credibility "as the goal.