Why did Mobile cancel the SMS payment service?

The reason for cancellation is that it is unsafe and vulnerable to Trojan virus.

SMS is a value-added service of Monternet. If the user subscribes to the monthly short message service, he needs to make a second reply to confirm the subscription, and China Mobile charges the monthly information fee. According to the requirements of operators and other partners, we will send you a certain amount of SMS product information every month (note: the information you receive is no longer charged, and is included in the monthly information fee). Successfully receiving all information is to ensure that you can use your customized service normally. Please keep your mobile phone open and receive SMS normally.

SMS payment is the earliest application of mobile payment. There is a one-to-one correspondence between the user's mobile phone SIM card and the user's own bank card account. The user completes the transaction payment request under the guidance of the system short message instruction by sending short messages. The operation is simple, and it can be traded anytime and anywhere. Mobile SMS payment service emphasizes mobile payment and consumption. At present, China's mobile payment service is in the initial stage of development, and it will still be in the investment period in the next few years. In terms of China UnionPay mobile payment, since 2002, the cumulative number of users based on SMS payment has exceeded 20 million, which is promising.