18 February 2019

China Telecom opens corporate mobile payment service, Sina says

China Telecom Corp. Ltd. (00728.HK) has launched a new mobile settlement and payment service tailored for financial enterprises, a move that is seen as developing beyond the existing mobile wallet solutions for individual users, news portal reported Friday. China Telecom’s new offering is reportedly in collaboration with a huge insurance firm, which could include fund settlement and transfer services for the latter’s key customers and even the sales of insurance products via China Telecom outlets in the future, the report said.

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