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Mobile Payments

HKT, JETCO to develop NFC m-payments services

Thursday 19 December 2013 | 10:13 AM CET

Hong Kong’s telecommunications service provider HKT has partnered with banking consortium JETCO to expand NFC-based mobile payments services.

Under the terms of the deal, the service will be available to PCCW-HKT customers who have credit cards, including Visa, MasterCard, and China UnionPay—issued by 30 JETCO member banks.

HKT and JETCO will adopt Single Wire Protocol-SIM (SWP-SIM) cards that serve as the secure element for storing payment applications running on a mobile phone.

The service is scheduled for launch in Q1 of 2014.

In recent news, HKT has partnered with financial services provider HSBC to develop Near Field Communications (NFC)-based credit card mobile payment services.

More: Link
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