25 September 2018

Everbright, China Telecom in mobile payments tie-up, report says

China Everbright Bank Co. Ltd. (601818.CN) and China Telecom Corp. Ltd. (00728.HK) have signed a strategic cooperation agreement on mobile payment business, reported late Monday, citing a statement from the lender. The bank is the first among domestic lenders to forge cooperation with all the three major telecommunication services providers — China Telecom, China Mobile Ltd. (00941.HK) and China Unicom (Hong Kong) Ltd. (00762.HK) — on mobile payments, the report noted.

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