Joint Electronic Teller Services Limited (JETCO), the largest ATM network in the region with 32 member banks, has launched mobile NFC services in Hong Kong and Macau using Gemalto's Allynis Trusted Services Hub (TSH).
The Gemalto Hub provides aggregation service for banks and service providers, delivering secure over-the-air provisioning of payment credentials to their customers' NFC phones. This will allow users to pay for goods, services, and transport via a tap on their smartphones.
Gemalto's TSH provides JETCO with a single connection and immediate access to the broadest base of users, allowing JETCO to quickly deploy NFC services across a comprehensive portfolio of smartphones and mobile networks.
"Hong Kong is experiencing major growth in cross border payments, particularly with Mainland China," said Mr. Angus Choi, CEO of JETCO Hong Kong. "Gemalto's TSH provides a one-stop solution that allows our member banks to plug in to the NFC infrastructure and provision services for their large base of customers, seamlessly and securely."
Hong Kong, with a population of 7.2 million, has the highest smartphone penetration in Asia Pacific, and a user base that is already familiar with contactless payment.