Following the previous launch of the t Wallet electronic wallet App to cooperate with national payment networks and other services, allowing users to pay bills online through smartphones, Taiwan Mobile Payment further announced today (8/4) its cooperation with MasterCard HCE mobile payment technology based on NFC near-field sensing, and working together with 26 banks in Taiwan, allows users to turn their NFC-enabled smartphones into credit cards without changing SIM cards, and can be used in 77 countries around the world. There are more than 5 million stores in countries and regions that support MasterCard contactless transaction services.

According to Taiwan Mobile Payment, this cooperation with MasterCard to provide HCE mobile payment technology will allow users to use smartphones that support NFC near-field sensing functions without changing SIM cards. It is directly transformed into a credit card and will cooperate with 26 banks in Taiwan including Mega Bank, Taishin Bank, Bank of Taiwan, First Bank, Changhua Bank, China Trust, etc., providing users with more than 500 credit cards in 77 countries and regions around the world. Make purchases at thousands of stores that support MasterCard contactless transaction services.

In Taiwan, Taiwan Mobile Payment also stated that it will cooperate with Damai House, Shuangsheng, Brown Coffee, Giordano, Hang Ten, Nautica, H Connect, NET, Ambassador Hotel, and Lobby Sleep , De Rui Hotel, YouBike, Taiwan Grand Fleet, Studio A, Jinshitang Bookstore, Lilliputian, Dapeng Bay International Leisure Zone, Leofoo Village, Pacific Sogo Department Store, Taipei 101, Uni-President Dream Mall, Shin Kong Mitsukoshi and other consumer channel cooperation , allowing users to complete payments through mobile phones through such channels. [embedded content]

As for the current types of mobile phones, Android phones that support NFC function are still the main ones for the time being, and it is recommended to update the operating system to Android 5.0 or above. Compatible models include HTC, Huawei , LG, Motorola, Samsung and Sony’s mainstream models. As for the iPhone models, Apple has not yet opened the NFC function corresponding to the Apple Pay service to third-party manufacturers, so it is not yet able to support this launch service, but it does not rule out providing use in the future through serial connection with the Apple Pay service.

The HCE technology used by MasterCard is different from the past integration of the user's personal credit card or data encryption function with the SIM card. Users can directly log in their personal credit card information on the mobile phone, and during the transaction process It mainly transmits the credit card transaction authorization data in encrypted form. After the credit card authorization center data is compared and verified, the approved transaction information will be sent back to the mobile phone. At this time, the user can use the NFC function of the mobile phone to transmit the data to the card swiping machine at the channel end. , and then complete a single transaction.

Therefore, compared to the mobile transaction model previously proposed in Taiwan, users will not need to change SIM cards or re-apply for credit cards in advance. They can log in with their existing credit cards and directly Use your own mobile phone as a credit card for purchases.

In future plans, Taiwan Mobile Payment not only revealed that it will cooperate with more banks and consumer channels, but will also combine its previous cooperation with national payment networks for payment services, allowing users to directly Pay telecom bills, water, electricity, gas and other bills through mobile phones and credit cards.

The first wave of financial institutions to join the cooperation include:

Mega Bank, Shin Kong Bank, Sino-Fung Bank, KGI Bank, Taishin Bank, Sunshine Bank, Bank of Taiwan, Cooperative Bank , First Bank, South China Bank, Changhua Bank, Taipei Fubon Bank, Commonwealth Bank, China Trust.

The first wave of consumer channel special stores to join the cooperation include: Food: Damaiwu, Shuangsheng, Brown Coffee, Liren, Yongan Fresh Food, Chun Shui Tang, Fusheng Tingyi: Arnold Palmer, G2000, Hang Ten, H Connect, MOMA, Nautica, NET, Roots, Giordano Hotel: Queen Hotel, Ambassador Hotel, Robbie Sleeping, Derui Hotel: YouBike Smile Bicycle, Taiwan Grand Team Sports: Studio A, Jinshitang Bookstore: Lilliput, Dapeng Bay International Leisure Zone, Leofoo Village, Mormanton Department Store: iFG Farglory Shopping Center, Pacific Sogo Department Store, Taipei 101, Jiama Department Store, Uni-President Department Store, Shin Kong Mitsukoshi, Dream Life: RT-Mart, Nationwide Electronics, Quanlian Welfare Center, Watsons, Shenao International, Carrefour, Fengkang Supermarket, Tsann Kun, Baoya Posted in App Life Network Software Market Trends and Tagged Android Pay Apple Pay Mobile Payment MasterCard t Wallet Taiwan Mobile Payment