08 October 2015

HSBC partners telcos for Hong Kong NFC launch

20 December 2013  |  7242 views  |  0 Hong Kong view

HSBC in Hong Kong is to launch an NFC-based mobile wallet with four of the territory's mobile carriers.

Android-based smartphones issued by HKT, CSL, SmarTone Telecommunications Holdings and China Mobile Hong Kong will be capable of supporting the HSBC app, which will enable customers to pay for goods and services with a tap of their phone on retailer terminals

HSBC will use Single Wire Protocol (SWP)-SIM cards supplied by the carriers as the secure element for storing payment applications running on a mobile phone.

Set for launch in early 2014, HSBC will be among a clutch of other banks and mobile operators jostling for space on consumer handsets.

The Hong Kong Association of Banks (HKAB) last month issued a set of common standards and recommended best practice guidelines for banks setting up mobile NFC payment services.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

11 December, 2013
27 November, 2013
25 November, 2013
13 November, 2013
01 November, 2013
10 September, 2013
02 November, 2012
15 June, 2012

Related company news


Top topics

Most viewed Most shared
BNP Paribas to pilot cards with dynamic CV...
7141 views comments | 32 tweets | 37 linkedin
Faster Payments eases access for challenge...
4831 views comments | 20 tweets | 25 linkedin
European Parliament rubberstamps Payment S...
4697 views comments | 28 tweets | 28 linkedin
Retail security bashing lobby group ABA ad...
4442 views comments | 16 tweets | 8 linkedin
Santander InnoVentures joins Ripple fundin...
4196 views comments | 29 tweets | 17 linkedin

Featured job

£100,000 basic, £180,000 OTE + Benefits

Find your next job