Veme E-pay is a combination of a portable charger and a bank card reader. Its main body functions as an average mobile phone charger and a magnetic reading head placed on one side is for swiping bank cards (as you can see below). It’s smaller and thinner than an iPhone 5.

The mobile payments solution is powered by Lakala, one of the leading digital payments services in China. That means users of E-pay have to have a Lakala app in their smartphones for processing payments.

The gadget isn’t yet on the market. It will be priced RMB 1000 – 2000, as its staff told me at MacWorld Asia 2013.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com