A total of 14 banks within the Taiwan Mobile Payment Co (TWMP) have begun rolling out host card emulation (HCE) based mobile payment services, utilizing technology from Mozido. A further 12 banks are scheduled to launch similar services later this year.
“We appreciate all the support provided by Mozido and expect a great success in commercial launch,” says TWMP president Wei-Jong Pan.
TWMP signed a deal with Mozido in October 2015 to provide its member banks and financial institutions with a mobile wallet platform offering support for both secure element and HCE cloud-based NFC payments. TWMP was established in 2014 by three Taiwanese banking groups.
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