HKT partners with HSBC to develop NFC m-payments services

Thursday 19 December 2013 09:35 CET | News

Hong Kong’s telecommunications service provider HKT has partnered with financial services provider HSBC to develop Near Field Communications (NFC)-based credit card mobile payment services.

Under the terms of the deal, customers are enabled to make payments with their NFC-enabled mobile phones with a range of HSBC credit cards by tapping the phone over an NFC reader at retail outlets to effect payment.

The partnership between HKT and HSBC is set to adopt Single Wire Protocol (SWP)-SIM cards, which serve as the secure element for storing payment applications running on a mobile phone. PCCW-HKT’s SWP-SIM can carry different credit cards issued by partnered banks.

The HSBC service is scheduled to be launched in early 2014.

In recent news, HSBC has launched talking ATMs in the UK to aid blind and partially sighted customers.

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Keywords: HKT, HSBC, NFC, m-payment, mobile payment, NFC, credit card, Hong Kong
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce