View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Distribution
December 9, 2014updated 04 Apr 2017 4:04pm

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

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International