China Unicom Selects Gemalto in China's First NFC Payment Service
Published on: 26th Feb 2013
Note -- this news article is more than a year old.
Gemalto says that its UpTeq NFC SIM card has been selected by China Unicom to secure its mobile wallet program.
The Unicom Merchants' Bank mobile wallet is the first NFC payment service being launched in China, in a joint collaboration between China Unicom and China Merchants Bank (CMB) for the mobile wallet itself.
There are currently over 162,000 QuickPass point-of-sale terminals in Shanghai that are compatible with the mobile wallet.
The UpTeq NFC SIM is designed as a high-end security device to handle the processing, storage and verification of confidential and sensitive data. It contains an expanded capacity for hosting a broad range of NFC services that can include payment, as well as transportation, logical and/ or physical access and loyalty programs. In addition, it enables mobile network operators to deploy and manage new services and install additional applications post-issuance.
"Following China's decision to adopt NFC, this launch is only the tip of the iceberg in terms of end-user services that will be developed," said Michael Au, Senior Vice President of Telecommunications at Gemalto Asia.
Gemalto NFC projects include KDDI in Japan, the Singapore Consortium, ISIS and Chase in the USA, as well as Orange, T-Mobile and Vodafone in Europe.