What do China Mobile mean by mobile payment and mobile wallet?

Mobile wallet is also commonly known as bag. Package (mobile payment): Open (or register) a mobile payment account, which can be used after recharging. It provides functions such as phone bill payment, shopping, cash withdrawal, remittance, receipt and payment, credit card repayment and electronic certificate purchase. Function fee 0 yuan/month. You can edit the short message "KT" and send it to 10658888 to confirm the opening of the package (mobile payment) function according to the prompt, and edit the short message "XZHB" and send it to 10658888 to get the link to download the client. Business processing takes effect immediately. If you need to cancel the editable SMS "0000" and send it to 10086, follow the prompts, and the SMS fee will be charged according to the registration fee standard.