An electronic device including a plurality of SEs, wherein each of the plurality of SEs carries at least one NFC application, and configured to store first identifiers and SE location information indicating an SE that carries a corresponding NFC application of a plurality of NFC applications, receive a transaction instruction, search, in response to that the transaction instruction carries a first identifier, the stored SE location information for SE location information corresponding to the first identifier carried in the transaction instruction, determine a first target SE from at least two SEs based on the SE location information, and send the transaction instruction to the first target SE.