"First Year of Mobile Payment" solutions, "HCE" has been highly anticipated by all walks of life because it does not replace the mobile SIM card program. Kayou News Network interviewed Pan Weizhong, general manager of Taiwan’s mobile payment company, who revealed that it will launch the HCE platform, with 23 leading banks in the early stage. In the future, it will be equipped with t-Wallet electronic wallet to withdraw cards, transfer money without a card, pay taxes, etc. The TSM platform has successfully connected with 37 financial operators, and hopes that Qunxin Company can complete the introduction in Q1 next year.
Pan Weizhong, general manager of Taiwan Mobile Payment Company,
"Mobile Payment" solution sprouts like mushrooms after a rain. Among them, "HCE" uses code (Token) to replace card numbers, cloud authentication... and other mechanisms, and does not need to replace SIM cards, making it a new solution that is highly anticipated. Pan Weizhong explained that "HCE" is a mobile payment mechanism established by Google. It stores security components in the cloud. Through the mobile phone, it can issue and download virtual credit cards. Transactions are transmitted with "virtual card number" and "gold key" to ensure the security of swiping cards. Even if you accidentally lose your phone, you can report the card loss in a single window, which greatly improves convenience and security.
Pan Weizhong also revealed that Taiwan’s mobile payment company has started to develop HCE platform since the middle of this year, and is expected to be opened before the end of the year. In the early stage, 23 banks will join the pilot program. At that time, Android mobile phone users will no longer be limited by telecom companies, and they will immediately experience the fun of mobile payment. In addition, the t-Wallet electronic wallet APP will also integrate cardless mobile phone withdrawals, mobile tax payments, mobile phone transfers and other functions, and will be launched one after another from the next (105).
As for the current TSM platform, Pan Weizhong pointed out that tens of thousands of U-SIM cards have been issued, and more than 20,000 mobile credit cards and mobile financial cards downloaded by OTA have also been issued, indicating that the influence of "mobile payment" is gradually expanding. In the future, it will be parallel to the HCE platform dual track. Users can choose different cards to pay according to different usage situations.
Looking forward to the future development of mobile payment, Pan Weizhong believes that the market needs all businesses to cooperate and cannot fight alone to change users' payment habits, reduce the use of "cash", and expand the electronic payment market. For example, Qunxin Company, which combines five major telecommunications companies and dual electronic tickets, was just on the road in November. It hopes to join Taiwan's mobile payment companies before the first quarter of next year and achieve the goal of double the share of electronic payments in the Financial Commission for 5 years to 52%.
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