10 December 2016
Visit aciworldwide.com

HSBC partners telcos for Hong Kong NFC launch

20 December 2013  |  8238 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)

Finextra news in your inbox

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

Related stories

Hong Kong mobile operator 1010 moves into mPOS market

Hong Kong mobile operator 1010 moves into mPOS market

11 December 2013  |  3505 views  |  0 comments | 1 tweets | 4 linkedin
Hong Kong banks agree mobile NFC standards

Hong Kong banks agree mobile NFC standards

27 November 2013  |  4379 views  |  1 comments | 7 tweets | 7 linkedin
Bank of East Asia to debut mobile payments service in 2014

Bank of East Asia to debut mobile payments service in 2014

25 November 2013  |  4565 views  |  0 comments | 5 tweets | 2 linkedin
Asian banks sign for OTI audio-jack plug-in for mobile NFC payments

Asian banks sign for OTI audio-jack plug-in for mobile NFC payments

13 November 2013  |  5158 views  |  0 comments | 2 tweets | 2 linkedin
Citi Hong Kong launches NFC-based mobile wallet

Citi Hong Kong launches NFC-based mobile wallet

01 November 2013  |  6566 views  |  0 comments | 7 tweets | 4 linkedin
Hong Kong's Octopus Group to trial mobile transit payments

Hong Kong's Octopus Group to trial mobile transit payments

10 September 2013  |  6343 views  |  0 comments | 5 tweets | 6 linkedin
Hong Kong's Hang Seng Bank preps NFC m-payments system

Hong Kong's Hang Seng Bank preps NFC m-payments system

02 November 2012  |  5661 views  |  0 comments | 5 tweets
Asap TP unveils Hong Kong mobile wallet

Asap TP unveils Hong Kong mobile wallet

15 June 2012  |  5778 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreFind out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8559 views comments | 39 tweets | 31 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8170 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8011 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7085 views comments | 23 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6838 views comments | 20 tweets | 23 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job