Gemalto assists Taiwan to launch NFC payment services

Gemalto, a digital security firm, has provided its Allynis Trusted Services Hub (TSH) to secure NFC payment services launched by Taiwan Mobile Payment (TWMP).

By Verdict Staff

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Gemalto, a digital security firm, has provided its Allynis Trusted Services Hub (TSH) to secure NFC payment services launched by Taiwan Mobile Payment (TWMP).

TWMP is a mobile-payments joint venture established by three Taiwanese banking groups, covering all of Taiwan’s ATM, check, and credit card transactions.

Gemalto said that its TSH will provide an aggregation service for banks, and perform secure provisioning of payment credentials to the users’ devices.

TSH will enable TWMP 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.

In addition, the consumers will be able to use their mobile wallet for mobile banking through traditional data services.

In total, 27 Taiwanese banks have already signed up to the TSH to launch their NFC payment services, with more expected to follow soon.

Suzanne Tong-Li, president for Greater China and Korea at Gemalto, said: "With major banks and operators launching mobile NFC services in Taiwan, the country is all set for mass adoption.

"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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