MasterCard to trial mobile phone payments in Taiwan; Visa moves on Korea

MasterCard has partnered with Taipei Fubon Bank and Taiwan Mobile to launch an NFC mobile phone payment pilot program across the island, reports finextra

Beginning late January, Taiwan Mobile began selecting 100 consumers to test the MasterCard PayPass payment feature embedded on a Nokia 3220 mobile phone. As part of the pilot, each purchase transaction will be limited to a maximum of NT$3000, with a monthly limit of up to NT$15,000.

... News of the programme comes as rival card scheme Visa prepares to perform a large-scale test of a contactless mobile payment system developed in conjunction with Korean mobile operator SK Telecom."

emily | 1:20 PM | SMS and Banking |
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