The present disclosure relates to the field of terminal technologies, and discloses a service processing method and an electronic device. In the present disclosure, a plaintext message used for performing a service operation is provided in a second electronic device. In this case, when needing to perform service processing, a first electronic device may obtain, by means of encryption transmission between the first electronic device and the second electronic device, the plaintext message provided by the first electronic device, so as to perform service processing based on the plaintext message. No key exchange is involved in the interaction, and a private key of an electronic device is not exported from the device. Therefore, in this process, a device application scenario is significantly extended while information security is ensured.