Mobile Wallet” is a mobile financial service provided by CMBC and China Mobile. This service binds client’s mobile number with bank account, and hence allowed the client of China Mobile, who holds a CMBC account as well, to get personal financial services at any time through short massages, voice service, WAP, K-Jave, USSD.

The client of China Mobile can register this service through short message, voice service, e-banking, phone banking, USSD, K-Java. The main functions of mobile banking at moment is account enquiries, transfers , foreign currency exchange, foreign exchange trade, bill payments for mobile phone, recharging for Shenzhouxing, chipping in lottery, speaking for journal and newspaper, purchasing digital card, purchasing insurance, donations, temporary report the loss of bank account, and applying for instant account information service. Along with the changes of mobile banking service demands, the functions of “mobile wallet” are going to expand and innovate.