New York, NY – China Mobile will miss its goal of rolling out 10 million NFC phones and signing up three million users by the end of 2013, citing problems with handset makers implementing NFC on enough phones, among other issues.
Chinese payment card network China UnionPay has launched its own mobile wallet for Android phones and the iPhone, enabling users to add their payment cards and loyalty cards, coupons and eventually e-tickets.
China Mobile and its mobile-payments partner China UnionPay today announced the launch of the telco’s much-anticipated NFC service and mobile wallet, in at least 14 major cities with applications available from nine banks.
France Telecom-Orange and China Mobile, the largest mobile operators in their respective home markets, have signed a memo of understanding to work together to speed the commercialization of NFC SIM cards.
China Mobile reportedly plans to sell 10 million 3G NFC phones next year and to sign up 3 million users, according to a presentation by the telco’s vice general manager for e-commerce Wednesday at the NFC & Mobile Money Summit.
China’s largest mobile operator, China Mobile, is gearing up for a major trial of SIM-based NFC services next February, which could extend to several cities and use five or more Android-based NFC phones.
China’s giant mobile operator, China Mobile, and the country's big domestic payment network, China UnionPay, have signed an agreement to cooperate on mobile payment, including using SIM cards in NFC phones.
Israel-based NFC and contactless technology supplier On Track Innovations reported revenue for the third quarter increased by 27% to $6.8 million, driven by a more than doubling in sales of such payments products as contactless readers of point-of-sale terminals in the U.S. and expansion of equipment for transit-ticketing in Poland.
NFC Times Exclusive: Vodafone Group today announced the launch of an NFC mobile-wallet and payments service in Spain and timetables for similar launches in four other European countries–all featuring Vodafone’s own co-branded prepaid payment application, SmartPass.
Smart card vendor association Eurosmart today confirmed its earlier projection that industry suppliers would ship at least 250 million secure elements for NFC devices in 2013, and predicted shipments would grow by 64% next year to 435 million units.
NFC Times Exclusive: A former general manager of Taipei’s large contactless transit ticketing and closed-loop payment scheme, EasyCard, has been named chairman of an NFC joint venture set up by Taiwan’s five mobile operators and EasyCard Corp., NFC Times has learned.
NFC Times Exclusive: A set of guidelines from the NFC Forum and the International Air Transport Association may be another step toward eventual rollout of NFC-enabled boarding passes, but observers say the prospects for use of NFC technology in air travel remain up in the air.
NFC Times Exclusive: U.S.-based Sprint sees its NFC-based Pinsight Touch platform as the missing piece of its year-old targeted advertising platform, bringing payments and other secure applications to the service.
NFC Times Premium Content (Free): The Isis joint venture and member mobile operators officially launched their Isis Mobile Wallet today, with the new Android wallet app now available for subscribers of all three Isis telcos and NFC SIMs in thousands of carrier shops.
Identive Group showed higher revenue in the third quarter, thanks to a jump in NFC and RFID sales, but took a large impairment charge and will sell some “noncore assets,” as its share price continues to hover around historic lows.
NFC Times Exclusive: France’s largest mobile operator, Orange, has concluded a deal with Visa to support its launch of Orange Cash in France, the latest mobile operator to announce plans to roll out its own branded prepaid payment service on NFC phones.
NFC Times Special Report: In a move with potentially far-reaching implications for the NFC industry, Google has built support for host-card emulation into its new Android operating system, which could enable payments and other “secure” applications without a secure element.