Gemalto hosted TSM service strengthens mobile payment ecosystem in HK

The solution, also operated by Gemalto, is open to all service providers and already enables Hang Seng Bank to connect into Hong Kong's TSM trust infrastructure

Singapore - Mar 13, 2014 - Gemalto (Euronext NL0000400653), the world leader in digital security, has provided hosted Trusted Service Management (TSM) services to Hang Seng Bank for their mobile payment service. Gemalto'sAllynis TSM has allowed Hang Seng Bank to join forces with mobile operators including HKT to offer customers the convenience of NFC to tap and pay for small value transactions. HKT is building upon the installed base of advanced NFC SIM it has been deploying since second half of 2013, having progressively equipped its subscribers with Gemalto's UpTeq Multi-tenant NFC SIMs.

The secure software client embedded in the advanced NFC SIM cards connects into Hong Kong's TSM trust infrastructure for rapid mass deployment of multiple contactless services even after the card has been issued to end users. To pay with their mobile device, customers just download the mobile payment application on their phone and activate the service. Mobile payments are already available at over 3,000 merchant outlets in Hong Kong, including convenience stores, supermarkets, fast food chains, cinemas and more.

The TSM service will be hosted in Gemalto's data center, which is AMEX, MasterCard and VISA certified and provides full-time, 24/7 availability for payment applications. It also complies with international interoperability standards, such as Global Platform, and enables easy on-boarding for other mobile operators and payment schemes in the future.

For more information visit, or follow @gemalto on Twitter.

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