Mobile payment and transit trial underway in Taiwan

Taiwanese Cathay United Bank has launched a trial for mobile payments and transit in Taipei. The project enables bank customers to use their mobile phones to make contactless payments at local stores and to access the Taipei public transit system. The NFC-capable microSD cards used as a secure element in this project are supplied by Giesecke & Devrient Secure Flash Solutions. The mobile security card SWP microSD card is the first in Taiwan that is compliant with MasterCard PayPass standards. This card has b
August 1, 2012 Read time: 2 mins
Taiwanese Cathay United Bank has launched a trial for mobile payments and transit in Taipei. The project enables bank customers to use their mobile phones to make contactless payments at local stores and to access the Taipei public transit system. The NFC-capable microSD cards used as a secure element in this project are supplied by Giesecke & Devrient Secure Flash Solutions. The mobile security card SWP microSD card is the first in Taiwan that is compliant with MasterCard PayPass standards. This card has been approved for this trial project, which allows users to pay at popular local convenience and department stores by simply tapping their 3876 HTC phone on a specially equipped merchant terminal.

Additionally, the Mobile Security Card SWP has been approved by v Corporation to be used as a contactless ‘EasyCard’, the popular contactless transit card for the Taipei Metro (MRT) and buses. As an alternative to topping up the card’s balance with banknotes, there is an auto top-up feature which allows the card’s balance to be topped up via MasterCard’s credit card functionality, so no cash is needed. Pre-charged fares are deducted automatically from the card when the HTC NFC phone with Mobile Security Card SWP is passed over the EasyCard sensor on fare gates, aboard buses or in merchant stores.

Related Content

  • March 13, 2012
    NFC payment rollout in Australia
    Australia’s largest bank, the Commonwealth Bank of Australia, is adding multiple mobile phone-based payment options to its range of mobile banking services.
    Read More
  • July 4, 2012
    Meeting the challenges of smartcard fare payment
    David Crawford monitors a growing trend in contactless smartcard ticketing The north east United States has become a hive of activity in the smart fare payment arena. In October 2011, the New York Metropolitan Transportation Authority (MTA) published, as a preliminary to an imminent procurement process, the detailed concept of its New Fare Payment System (NFPS). Based on open payment industry standards, this is designed to be implemented on all MTA bus and subway services operated by New York City Transit (
    Read More
  • November 23, 2023
    Thales wins Taipei metro ticketing deal
    Firm will work with MiTac Information Technology Corporation in Taiwan’s capital region
    Read More
  • May 22, 2012
    Growth of contactless parking payment systems
    Wave and pay credit and debit cards have arrived. In the parking sector, authorities and operators quick to accommodate new contactless payment technology are already benefitting We’re on the edge of a contactless revolution,” declares Parkeon’s parking director for the UK and Ireland Danny Hassett. Parkeon reports a groundswell of customers gravitating to contactless credit and debit card payment for parking, and the company is by no means alone in this. Use of ‘wave and pay’ technology is on the verge of
    Read More

Highlighted Content