BankTech

Gemalto Chosen by China Telecom for its UpTeq Multi Tenant NFC SIM

MEDICI

On 9th June 2014, world leader in digital security – Gemalto – announced that it was selected by China Telecom for its UpTeq Multi Tenant NFC SIM to support their commercial rollout of mobile contactless services. China Telecom is a leading operator in China with over 183 Mn subscribers.

The high-end SIM is embedded with Gemalto's LTE management software, enabling China Telecom subscribers to enjoy NFC services with the convenience and speed of mobile broadband.

China has a population of 1.4 billion, half of whom now live in urban areas. This rapid concentration of populations in mega-cities means users have more services to access, while the speed of daily life demands fast NFC solutions. At the same time, China's banking services are moving to EMV, especially in its contactless form, with over 400 Mn contactless chip payment cards issued at the end of 20131.

  • China Telecom's massive NFC roll-out is happening just as the contactless ecosystem is being deployed.
  • As most mega-cities are already equipped with contactless transport infrastructures, millions of China Telecom subscribers will soon be able to utilizee their smartphones to pay for everyday services.
  • China Telecom subscribers will be able to choose from multiple types of NFC-enabled mobile phones to make payments for transportation, dining, shopping and petrol throughout the country.
  • Airport check-ins, personal authentication services and employee ID services will be introduced in the future.
  • The Gemalto UpTeq Multi-Tenant NFC SIM has been specially developed and customized by Gemalto for China Telecom.
  • It is qualified by the operator and is part of a broader family of high-end products certified by China UnionPay.
  • China Telecom subscribers will enjoy secure and convenient 24/7 access to mobile contactless services.

"With smartphone penetration in China surpassing 66%2 and over 3 million contactless POS terminals in the field3, the mobile payment ecosystem is in place. The major players in China are launching NFC initiatives, enabling China Telecom's subscribers to experience a rich variety of contactless services," stated Suzanne Tong-Li, President of Greater China and Korea at Gemalto, in a press release. "The UpTeq SIM's additional LTE feature will enable China Telecom to deliver an enhanced NFC experience to their customers, leveraging the accelerated download of NFC applications using their LTE network."

About Gemalto:

Gemalto is a world leader in digital security with 2013 annual revenues of €2.4 Bn and over 12,000 employees operating out of 85 offices and 25 research and software development centers, located in 44 countries, according to the company.

Gemalto says that they are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. The company delivers on their expanding needs for personal mobile services, payment security, authenticated cloud access, identity and privacy protection, eHealthcare and eGovernment efficiency, convenient ticketing and dependable machine-to-machine (M2M) applications.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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