With the smart card, consumers can pay bank bills, public transportation tickets, food expenses and more. The card can also be embedded into a cell phone SIM card or even in a pen.
China has put a lot of emphasis on cutting-edge technology. The country’s top technology regulator, the Ministry of Industry and Information Technology (MIIT), said that China is the biggest smart-card market globally and aims to have 10 billion smart cards in use in the near future.
Read more at Smart cards set for a boom