China Mobile invests $5.8 billion in Chinese bank to develop mobile banking

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China Mobile invests $5.8 billion in Chinese bank to develop mobile banking

March 10th, 2010 · No Comments

China Mobile today said that it plans to invest 39.8 billion yuan ($5.8 billion) in Shanghai Pudong Development Bank as a means to help spur mobile phone banking and services such as mobile bank cards, payments, and money transfers.
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