SmartPay and China Unicom Launch 'China Unicom Mobile Wallet' in Guangdong

SmartPay and China Unicom Launch 'China Unicom Mobile Wallet' in Guangdong

February 13, 2007

    SHANGHAI, China, Feb. 13 /Xinhua-PRNewswire/ -- China
Unicom and SmartPay Jieyin Ltd. ("SmartPay"), a
leading electronic payment services provider in China, and
with other participating partners, today announced the
launch of "China Unicom Mobile Wallet" in
Guangdong Province. Guangdong Province is the largest
province in China by number of mobile users and total
mobile revenues. 

    Guangdong-based China Unicom users are able to enjoy
convenient mobile payment services using Unicom Mobile
Wallet after a simple registration process.  These services
include mobile top-up, payment of utility bills, purchasing
of lottery tickets, insurance and other multifunctional
services. 

    Guangdong Unicom users can settle these payments via
mobile phones instead of cash and credit cards, anywhere
and anytime. 

    The first highlight of Guangdong Unicom's Mobile Wallet
project will be promotions for Mobile Lottery Ticketing in
honour of the upcoming Chinese New Year and welcoming of
the Year of the Golden Pig.  Guangdong Unicom customers can
complete the purchase of lottery tickets via SMS, and
inquire about prize awards and other up-to-date
information. 

    As the electronic payment platform provider for this
cooperation, SmartPay highlighted the strengthened security
of this mobile commerce platform.  Since Guangdong Unicom's
mobile lottery service will operate independently in a
closed system, all of the detailed lottery information is
kept in one centralized database, ensuring additional
security, exclusivity and authenticity for lottery
transactions.

    As a leading electronic payment services provider in
China, SmartPay has built the most extensive network of
banks for mobile, telephone and internet based payments,
including 8 headquarters and over 35 branches of China's
key banks, including Industrial and Commerce Bank of China
(ICBC), China Merchants Bank (CMB), China Construction Bank
(CCB), Bank of China (BOC) and others.  Meanwhile SmartPay
has been at the forefront of promoting mobile and
telephone-based applications for consumers and businesses
including mobile top-up, payment of utility bills, airline
ticketing and other transactions. 

    SmartPay's user metrics number in the millions of
customers, which continues to consolidate the company's
leadership position in the electronic payment field.

    Greg Shen, CEO of SmartPay, commented, "Mobile
payment in China redefines traditional payment solutions. 
With the expected launch of 3rd Generation mobile networks
and the changing consumption patterns in China, new payment
solutions will be gradually accepted by Chinese consumers
and usage will continue to increase.  In the meantime,
SmartPay will develop new payment products to meet
different requirements of customers, and create a fun,
fashionable and convenient life style."

    About SmartPay

    SmartPay provides remote payment services in China
under the brand name "Jieyin".  Chinese consumers
and intermediaries utilize SmartPay Jieyin for the payment
of mobile, utility, travel-related and other payments.
SmartPay continues to launch additional payment services
under the "Jieyin" brand name.  Investors in
SmartPay include RRE Ventures (ww.rre.com), Evolution
Capital, Lunar Group Capital, Accel Partners and others. 

    Web site:  http://www.SmartPay.com.cn


SOURCE  SmartPay Jieyin Ltd.