But the gambit could also take them down a hazardous road, extending them beyond their core business as mobile network operators into a fast moving and unfamiliar world of high finance they know little about. "This is a bit of a portent for where the market is moving, in terms of where companies are seeing new business growth areas," said Damien Bailey, a lawyer at Simmons & Simmons in Hong Kong. "I suspect it’s going to continue, this mobile e-payments, or e-commerce. It’s one of those businesses that’s small incremental fees per transaction. But when you multiply it over tens of millions of transactions, it turns into big business," he said.

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