An electronic device and a method for controlling the operation of the electronic device are provided. The electronic device includes a wireless power reception circuit, a wireless communication circuit, and a processor configured to control to receive first identity information through a first in-band communication channel using the wireless power reception circuit, establish a first out-of-band communication channel based on the first identity information while the first in-band communication channel is established, receive second identity information through a second in-band communication channel while the first out-of-band communication channel is established, disconnect, when the first out-of-band communication channel is established while the second in-band communication channel is established, the first out-of-band communication channel, and establish a second out-of-band communication channel automatically based on the second identity information.