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China Mobile buys bank share

China Mobile buys bank share

China Mobile has bought a 20% stake in Shanghai Pudong Development (SPD) Bank, for 39.8 billion yuan (€4.4 billion). Now the world’s biggest mobile operator in terms of number of subscribers (500 million), which has by far the greatest coverage in rural areas, has acquired a platform from which it can extend its m-banking offer. [...]

The post China Mobile buys bank share appeared first on Payments Cards & Mobile.

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