More than 100 million China Telecom customers now have a Bestpay mobile payment account, according to C114.net

Bestpay, set up in 2011, had payment transactions of CNY130 billion ($21 billion) in the first half of the year, according to China Telecom’s 1H report in August.

C114.net, quoting a Bestpay executive, said transactions are forecast to hit CNY320-330 billion this year, revenue will reach CNY1.3-1.5 billion, with a profit of about CNY30 million.

And the operator is applying for various financial licenses, said the report, although no more detail was given.