China Netcom's cooperation with the Industrial and Commercial Bank of China has entered a new stage with the release of a Peony Unicom Credit Card.

By taking advantage of each of their resources, China Netcom and ICBC will cooperate to launch more joint-name cards and carry out point-of-sale services, providing more payment channels and value-added services to China Netcom's users.

In addition, the parties will work to push forward their cooperation by cooperating on credit card installment services, China Netcom official card services and fixed payment services. ICBC will also install POS machines at service outlets of China Netcom, thus enabling China Netcom customers to pay multiple communications fees via ICBC cards.