China UnionPay Rumored To Soon Launch Mobile Payment Service For Android Smartphones

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China UnionPay has reportedly decided to launch a mobile payment service named "AndroidPay" for Android smartphones.

According to reports in Chinese local media, several information sources confirmed the new service will reportedly be available in China in the third quarter of 2015.

Several smartphone makers also confirmed the news. Cao Jingsheng, vice president of Coolpad Group, said that the company and China UnionPay have been discussing for over a month and both parties have strong willingness to cooperate, although there is no specific timeline yet. Cao said one of Coolpad's high-end products will support this new service in 2015.

Wang Yanhui, secretary-general of the Mobile Phone China Alliance, also revealed that China UnionPay decided to commence AndroidPay last week. He said that the Apple Pay project participated by China Uni...

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