24 July 2016
Find out more

HSBC partners telcos for Hong Kong NFC launch

20 December 2013  |  8010 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  |  3350 views  |  0 comments | 1 tweets | 4 linkedin
Hong Kong banks agree mobile NFC standards

Hong Kong banks agree mobile NFC standards

27 November 2013  |  4253 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  |  4403 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  |  5016 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  |  6420 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  |  6188 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  |  5521 views  |  0 comments | 5 tweets
Asap TP unveils Hong Kong mobile wallet

Asap TP unveils Hong Kong mobile wallet

15 June 2012  |  5650 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8330 views 14 comments | 32 tweets | 37 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7989 views 3 | 19 tweets | 7 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7943 views 0 | 14 tweets | 8 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
7935 views comments | 6 tweets | 3 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7655 views comments | 22 tweets | 28 linkedin

Featured job

Find your next job