NFC Times Exclusive Insight – Taiwan’s banking joint venture, Taiwan Mobile Payment Co., has disclosed that it will issue a request for tenders for a host-card emulation and tokenization platform, with plans calling for the technology to be made available to Taiwanese banks for mobile-payments launches by the end of the year.
The move follows the launch by the joint venture at the end of 2014 of what is believed to be an expensive and so far little used TSM platform.
And Taiwan Mobile Payment is not the only national banking or processor group planning to offer HCE and tokenization, after having invested millions of dollars in TSM platforms that seem unlikely to see a return on investment. Groups in Hong Kong, Italy and Denmark are among those expected to add HCE and tokenization or which already have.