OREANDA-NEWS. November 13, 2013. Money transferred with a “touch” between mobile phones, bill paid with a scan of the QR code. Recently, Bank of China formally released “BOC Easy Payment”, a mobile application that turns the mobile phone into a “wallet”.

When going Dutch, what if there’s no change? Customers just use mobile phones with the NFC (Near Field Communication) function, click the “BOC Easy Payment” App and put two phones together to finish the money transfer.

What if you have no cash to pay for the home delivery service? The QR code payment function of the “BOC Easy Payment” is suitable for all kinds of smart phone users. By scanning the QR code on the POS machine or the delivery note, payment finished through your binding bank cards. In addition, the QR code payment also supports shortcut transfer among customers. The payee creates the QR code on his/her mobile phone and the payer can transfer the money by just scanning the QR code The App covers customers’ most daily payment requirements, improving the payment efficiency. You may use it after downloading the “BOC Easy Payment” installation file on the open platform of BOC and installing it to your mobile phone. Meanwhile, the “BOC Easy Payment” ensures the safety by various means such as quota management, login password and payment password, etc.

Next, BOC will continuously prefect the QR code payment, planning to develop business-end Apps, “Virtual Shopping Mall” and explore the new mode of O2O. Shop sellers create the QR code for products and customers can finish payment by scanning it. Sellers display the QR code of their products on online mall or ad board and customers can buy by scanning. Customers may book and pay dinners, tickets of movies, games and parks online and pick up goods or services offline with the QR code, all of which can be fulfilled by “BOC Easy Payment” App. As an important product of the network bank of BOC, “BOC Easy Payment” will further launch sound wave payment, “my wallet”, card-to-card transfer functions and so on, providing faster and easier mobile payment services.