Joint Electronic Teller Services Limited (JETCO) has begun a commercial rollout of
mobile NFC payment. JETCO has the biggest automatic teller machine (ATM) network in Hong Kong and Macau consisting of over 30 member banks. Gemalto is providing its Trusted Service Management (TSM) platform.
JETCO will be able to securely distribute and manage mobile payment services to their end users. The rollout will enable end users to use their mobile phone to transact at participating merchants equipped with NFC-ready point-of-sales (POS) at more than 10,000 acceptance points.
“The TSM will allow JETCO to play the role of trusted third party for NFC deployment and collaborate with all of Hong-Kong’s mobile operators in a secure manner,” comemnts Suzanne Tong-Li, President of Greater China and Korea, Gemalto. “Contactless usage was first introduced in Hong Kong in 1997, then one of the first implementation in the world, and its acceptance has steadily increased since then. Now the technology has established steadfast popularity, setting the ground for advanced NFC services adoption.”