Gemalto announces that it will be providing its LinqUs Trusted Service Management (TSM) software platform to Joint Electronic Teller Services Limited (JETCO) for their commercial rollout of NFC payment. JETCO has the biggest ATM network in Hong Kong and Macau consisting of over 30 member banks. Gemalto is also supporti
Gemalto announces that it will be providing its LinqUs Trusted Service Management (TSM) software platform to Joint Electronic Teller Services Limited (JETCO) for their commercial rollout of NFC payment. JETCO has the biggest ATM network in Hong Kong and Macau consisting of over 30 member banks. Gemalto is also supporting JETCO with consulting services on the platform setup as well as integration.
The solution enables JETCO to securely distribute and manage mobile payment services to their end users. The TSM platform complies with international interoperability standards such as Global Platform and offers JETCO the flexibility to interact with secure elements in various form factors.
The rollout will enable end users to use their mobile phone to transact at participating merchants equipped with NFC-ready POS at more than 10,000 acceptance points including supermarket chains, convenience stores, fast food chains, cinemas, and more.
"Gemalto's strong track record of NFC deployments in Asia leads to an in-depth understanding of both the telecommunications and banking sectors, giving JETCO's banks a strong competitive edge in mobile contactless payments," said John Tsang, Deputy GM, JETCO.
"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," said Suzanne Tong-Li, President of Greater China and Korea at Gemalto.