30 July 2016
Find out more

MasterCard to trial mobile phone payments in Taiwan; Visa makes progress in Korea

08 February 2007  |  12692 views  |  0 smartphone with graph

MasterCard has partnered with Taipei Fubon Bank and Taiwan Mobile to launch an NFC mobile phone payment pilot programme across the island.

Beginning late January, Taiwan Mobile began selecting 100 consumers to test the MasterCard PayPass payment feature embedded on a Nokia 3220 mobile phone. As part of the pilot, each purchase transaction will be limited to a maximum of NT$3000, with a monthly limit of up to NT$15,000.

NFC technology is already deployed in MasterCard PayPass contactless credit cards and payment devices throughout Taiwan and is accepted at retail outlets, highway rest stops and on bus systems. Consumers with MasterCard PayPass-enabled phones will be able to shop with their phones at more than 2000 assigned stores nationwide.

Using technology supplied by Vivotech, the phones have also been equipped to upload merchant incentive programmes in the form of e-coupons, which can be stored on the handset and used against future purchases.

The programme is the latest in a series of initiatives to extend the contactless infrastructure into new payment arenas across the island. In June, Taiwan’s Taiwan's Chinatrust Commercial Bank (CCB) teamed with Austrian watch maker Laks and contactless card outfit On Track Innovations (OTI) to launch a football-themed wrist watch featuring MasterCard's PayPass functionality ahead of the World Cup in Germany.

News of the programme comes as rival card scheme Visa prepares to perform a large-scale test of a contactless mobile payment system developed in conjunction with Korean mobile operator SK Telecom.

The launch is planned to initially involve 30,000 SK Telecom subscribers. They will be able to install the Visa Wave contactless payment application directly onto their handsets via OTA without having to visit their bank.

The user sends a message to the bank requesting the Visa payment application. The bank then sends the application through mobile Internet where it resides on the consumer's universal SIM card. Because of this, users will not be restricted to making payments only from that device. SK Telecom 3G subscribers who wish to change to a new handset need only move the USIM card to the new device.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

European consortium to establish framework for NFC applications

European consortium to establish framework for NFC applications

31 January 2007  |  6781 views  |  0 comments
HSBC launches contactless m-payments trial in US

HSBC launches contactless m-payments trial in US

29 January 2007  |  10399 views  |  0 comments
Visa launches mobile payments platform

Visa launches mobile payments platform

08 January 2007  |  10656 views  |  0 comments
Visa to trial mobile payments at California HQ

Visa to trial mobile payments at California HQ

16 November 2006  |  6941 views  |  0 comments
VeriFone and MasterCard equip Philly taxis with PayPass

VeriFone and MasterCard equip Philly taxis with PayPass

15 November 2006  |  6436 views  |  0 comments
Bank of America begins contactless m-payments trial

Bank of America begins contactless m-payments trial

03 November 2006  |  12053 views  |  0 comments
MasterCard to trial mobile phone payment technology in Dallas

MasterCard to trial mobile phone payment technology in Dallas

02 November 2006  |  10936 views  |  0 comments
Sport fans to test PayPass wristband; NFC m-payments trials hailed a success

Sport fans to test PayPass wristband; NFC m-payments trials hailed a success

06 September 2006  |  9075 views  |  0 comments
KDDI to add JCB e-payments system to mobile phones

KDDI to add JCB e-payments system to mobile phones

23 August 2006  |  5329 views  |  0 comments
China Minsheng Bank teams with SmartPay for m-payments service

China Minsheng Bank teams with SmartPay for m-payments service

27 July 2006  |  5162 views  |  0 comments
MasterCard launches PayPass in Europe with Turkey's Garanti Bank

MasterCard launches PayPass in Europe with Turkey's Garanti Bank

21 July 2006  |  9717 views  |  0 comments
JCB to trial mobile contactless payment scheme in Europe

JCB to trial mobile contactless payment scheme in Europe

12 June 2006  |  8225 views  |  0 comments
Chinatrust releases PayPass-enabled wrist watch

Chinatrust releases PayPass-enabled wrist watch

07 June 2006  |  10163 views  |  0 comments
Visa and SK Telecom partner for infrared mobile payments

Visa and SK Telecom partner for infrared mobile payments

23 May 2002  |  6745 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
Groupe BPCE agrees to buy FidorGroupe BPCE agrees to buy Fidor
7725 views comments | 35 tweets | 49 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
7050 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6647 views 0 | 6 tweets | 8 linkedin
hands typing furiouslyBank of Pikachu? What does Pokemon Go mean...
5650 views 0 | 10 tweets | 9 linkedin

Featured job

Find your next job