11 December 2017
visit www.solutions.lexisnexis.com

HSBC partners telcos for Hong Kong NFC launch

20 December 2013  |  8751 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  |  3863 views  |  0 comments | 1 tweets | 4 linkedin
Hong Kong banks agree mobile NFC standards

Hong Kong banks agree mobile NFC standards

27 November 2013  |  4703 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  |  4930 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  |  5544 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  |  6977 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  |  6988 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  |  5996 views  |  0 comments | 5 tweets
Asap TP unveils Hong Kong mobile wallet

Asap TP unveils Hong Kong mobile wallet

15 June 2012  |  6071 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.aciworldwide.comvisit http://info.nice.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18243 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11143 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7107 views comments | 13 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6504 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5902 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job