Wendy Zhang/ Shanghai Daily news

Can you imagine shopping without carrying bankcards or cash? Well, welcome to the wireless age and get your handset ready instead.
A Near Field Communication (NFC) chip will be installed in handsets to enable communication between mobile phones and payment terminals. One handset can handle the information of more than ten bank cards, and users can alter their information via special software.
Mobile phone manufacturers such as Motorola, Samsung and Nokia have already offered special cell phones with this payment function. Shopping malls in Pudong have started to renovate their existing POS machines to accept the new payment form, which will be operated on a trial basis in Pudong by the end of this year and will be widely used nationwide next year.
For security reasons, handset users are required to set up several pin-numbers so others cannot view their information if their handsets are lost or stolen, said an industry analyst.