Mobile operators in Taiwan now support the nation's largest mobile commerce platform, which enables Near Field Communication mobile payments.
The venture also has the support of 32 banks, three payment processors and the EasyCard payment card, which formed Taiwan Mobile Payment Co., the China Post reported.
Chunghwa Telecom became the first operator to support the mobile payment system this week through a soft launch with 18 banks, while Taiwan Mobile, Far EasTone and Asia Pacific Telecom will follow soon, the report said.
Gemalto has been working with Chunghwa to provide digital security for the mobile pay system.
The mobile operators issue digital credit cards to the smartphones of Taiwanese consumers to enable the service. Payments are processed through Taiwan Mobile Payment Co.'s trusted service manager to ensure security and management of contactless services over the mobile networks.
About 20 smartphones with NFC-enabled SIM cards are compatible with the mobile payment system. More than 30,000 local retail stores currently accept the payments, and Visa and MasterCard announced their support of the project in early December.
Taiwan Mobile Payment Co. also this week launched its smartphone interface, called tw wallet, for the system.