Beijing time on August 10th news, China UnionPay and HTC announced the first UnionPay mobile payment smartphone HTC "stunning" officially released. HTC "Stunning" is equipped with Android2.2 operating system, built-in mobile phone payment scheme supporting China UnionPay standard in SD card, with mobile banking, credit card repayment, payment (mobile, China Unicom, telecommunications, electricity, etc.), balance inquiry Such as remote payment function, and support for near-field payment such as UnionPay POS machine credit card consumption.

In terms of near-field payment, UnionPay payment mobile phones need to upgrade the existing POS machines for POS card consumption. According to China UnionPay's plan, China will no longer issue magnetic stripe cards until 2015, and all of them will be changed to IC cards. This year, ICBC has taken the lead in issuing 5 million IC cards. UnionPay plans to complete the transformation of the equipment of 2.3 million acceptance merchants by the end of this year, which can support the payment of terminal equipment such as UnionPay payment mobile phones.

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