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Chinese bank card network operator China UnionPay announced on January 29 that it added 4.95 million handset mobile payment users in 2007 to reach a total of 10 million users by the end of the year. Annual transaction volume for mobile payment, including SMS and SIM-card based POS transactions, reached RMB10.8 billion in 2007. UnionPay linked up secure payment systems with 10 national and 13 district banks last year. The company added 130,250 fixed-line payment terminals, for a total of 148,200 terminals, to record total fixed-line transactions worth RMB32.06 billion during the period. source: Asia - Europe Business
