Two of Hong Kong’s largest banks, HSBC and Hang Seng, have announced plans to launch NFC mobile payments on SIM cards with Hong Kong’s major mobile operators, but using their own Android apps. Meanwhile, interest in embedded secure elements among banks remains high in the market.
The NFC commercial launches began last year and more are planned in 2014. While HSBC and Hang Seng are believed to have their own TSMs, Hong Kong ATM and interbank group Jetco is in the process of launching its own TSM platform early this year, which could provide smaller banks a TSM platform to use.
Jetco, in its request for proposal for the TSM platform, for which it ultimately chose Gemalto, said it was targeting embedded secure elements and an NFC-enabled iPhone attachment first, not SIM cards. Visa and MasterCard Worldwide, which have deals with Samsung Electronics to enable their applications on the device maker's embedded chips, are believed to be trying to find issuers to use the chips in Hong Kong, as elsewhere. Hong Kong mobile operators might try to convince original equipment manufacturers, or OEMs, not to market the chips.