ZTE has launched a range of payment solutions including phone POS (point of sale), photonic and DTV (Digital TV) payment products.

With a NFC (near field communication) capable smartphone, users can install the phone POS app to enable the smartphone function as a POS payment device. Businesses and individuals can then manage a vast range of transactions including transferring money, checking account balances, paying off credit cards, topping up mobile phones and paying bills.

This functionality gives complete freedom to users, allowing them to complete transactions whenever and wherever they want, as well as allowing businesses to save on operating expenses by receiving immediate payment.