The solution, consisting of an M-Wallet and back-end management platform, has been deployed by Union Mobile Pay, a mobile payment company established by China Mobile Communications Corp. and China UnionPay.

Motorola said its M-Wallet solution provides enhanced user interface with secured and reliable service as compared to existing technologies based on Short Message Service, Interactive Voice Response, Unstructured Supplementary Service Data and Wireless Application Protocol.

Consumers can personalize financial needs such as account inquiries, money transfers, bill payments, utility payments and e-ticketing on their mobile phones, which will eliminate the need to go to banks or carry bank cards.

In addition to mobile banking, the platform also provides business-to-consumer solutions for merchants that include merchant membership cards, electronic couponing and prepaid cards.