China Merchants Bank Launches Payment on Samsung Embedded Chips

China Merchants Bank, one of China’s largest commercial banks, enables customers to download its CMB mobile wallet on three Samsung NFC devices and recharge the payment application stored on the embedded chip in the phones over the air. That indicates the application is prepaid debit, similar to one the bank launched last year on the HTC One XC, the Chinese version of HTC’s then One X flagship; and the lower-end HTC Desire C.