Gemalto provides NFC security solution to Taiwanese banks

taiwan

Gemalto is providing its Allynis Trusted Services Hub  to secure NFC payment services launched by Taiwan Mobile Payment Co, a mobile payments venture created by three prominent Taiwanese banking groups.

Gemalto’s security solution will enable the joint mobile payments venture to accelerate the deployment of mobile contactless services in Taiwan by providing a single connection for secure distribution and management of diverse applications.

End-users will be able to use their phones to make contactless payments for goods and services at 30,000 terminals such as convenience stores, retailers, and taxis. They will also be able to use their mobile wallet for mobile banking through traditional data services.

The Trusted Sevices Hub will provide an aggregation service for banks, and perform secure provisioning of payment credentials to the users’ devices. Twenty seven Taiwanese banks have already signed up to the security service to help launch their NFC payment services, with more expected to join in soon.

Gemalto and major operators in the region are working to extend the existing NFC services across the entire Asia-Pacific region.

“Taiwan is rapidly moving towards becoming a cashless society,” said Mr. Pan Wei-Jong, president of TWMP. “TWMP’s TSH is a one-stop solution that reduces deployment complexities and upfront costs by allowing banks to avoid multiple individual arrangements. This enables our participating banks to easily plug in to the infrastructure and offer secure NFC services for a wide range of customers.”

“With major banks and operators launching mobile NFC services in Taiwan, the country is all set for mass adoption,” said Suzanne Tong-Li, president for Greater China and Korea at Gemalto. “Our open access, future-proof TSH will enable TWMP to play the role of a trusted third party, bridging different kinds of services on a common platform for maximum market reach.”

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