Shanghai Pudong Development Bank recently unveiled China's first proprietary bank card that is integrated with a cell phone SIM card. The product is the result of six years of joint efforts by the bank and domestic telecommunications company China Mobile. The card allows its holder to conduct many financial transactions without going to the bank. Users of cell phones installed with such cards can also pay bills on more than 1.2 million special POS machines nationwide with the "QuickPass" label.

(Source: China Daily)