The Want Want Card of China Merchants Bank cannot be activated in the APP. You need to bring your valid ID and card to activate at any counter of China Merchants Bank. China Merchants Bank credit card can be activated by mobile phone. Users can select the selected card through the Pocket Life APP, and all card managers can open the card with one click, and then open the card according to the prompt information or SMS.

The role of banks

As a currency management enterprise, banks are an important part of financial institutions, which is conducive to the financing and circulation of social capital. Banks are intermediaries between lenders and depositors. By absorbing deposits, banks gather idle monetary assets and small monetary savings in society and lend them to people in need by means of loans.

Banks can act as intermediaries for payment. Banks handle payment, receipt, payment and settlement for commodity producers and businessmen, and settle accounts. One is to open an account, which is divided into basic deposit account account and general account. Settlement and sale of foreign exchange on the basis of account opening. Settlement methods include remittance, entrusted collection, draft, letter of credit, etc. And basic deposit account also has a cash withdrawal function.

Bank cards and payment services, including debit card business, credit card business, foreign card agency business, payment business based on credit card, and wealth management, are project investment value-added services that meet the needs of some wealth customers and private banking customers. Investment business is the business of providing funds for projects through trusts, securities companies or inter-bank markets.