Gemalto has announced that its UpTeq NFC SIM embedded software and product has been selected by Chunghwa Telecom (CHT) to secure its NFC payment program. CHT is Taiwan’s largest mobile network operator with 10 million subscribers. The initiative, using the SIM as the secure element to safeguard mobile NFC transactions, was approved by the Financial Supervisory Commission of Taiwan, and is supported by leading Taiwanese banks Cathay United, Chinatrust Commercial, E.Sun, Taishin, as well as handset makers HTC Corp, Samsung, Sony.
CHT subscribers will be able to use their mobile phone for contactless payments at over 20,000 MasterCard PayPass point of sale readers across Taiwan including supermarkets, department stores and a fleet of taxis. The pilot also supports additional NFC services such as multiple credit and prepaid cards, loyalty cards, coupons, and ticketing.
Gemalto’s UpTeq NFC SIM is the tamper-proof secure element that provides banking-grade security for mobile contactless transactions. It also enables CHT to easily deploy and manage additional NFC services after the card has been issued to subscribers in the field. This unique flexibility is key to attracting more service providers looking to harness NFC technologies while ensuring successful deployment and adoption of a broad range of mobile NFC services.
“MasterCard continues to lead the demands in Taiwan market by providing consumers with the most innovative payment technology and creating new opportunities for financial services,” said Julie Yang, Head of Taiwan, MasterCard. “Gemalto’s UpTeq NFC SIM solution provides EMV-payment level of protection for mobile contactless transactions and also opens the door to a wealth of innovative NFC services beyond payments for the benefits of the consumers as well as business stakeholders in the value chain.
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