Taiwan's HTC to launch mobile banking phone
Taiwan's HTC Corp. will announce a partnership in mobile payments with a local bank and card companies this week as it seeks to play a larger role in the promising mobile banking industry, Taiwan's official Central News Agency reported.
The world's No. 5 smartphone vendor is scheduled to hold a joint news conference on June 19 with Cathay United Bank, EasyCard Corp. and MasterCard International to launch a co-branded card, according to a statement.
The PayPass card will become Taiwan's first innovation to integrate the functions of a credit card and an EasyCard into a micro-sized memory card, enabling mobile payments on the island when it is inserted into the "HTC Incredible E" smartphone.
The Incredible E is a model of Near Field Communication (NFC)-enabled phones that support contact-less payments. The market demand for these phones in Taiwan is expected to reach 100,000 units this year as local carriers plan to promote the technology by building a standardized Internet environment, the news agency reported.