The service gives Chunghwa Telecom mobile subscribers the ability to download virtual credit cards, issued by Cathay United Bank, to a SIM on NFC-enabled handsets. They will then be able to purchase items using just their phones in stores with MasterCard PayPass terminals.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.