Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

MARKET READINESS FOR HOST CARD EMULATION (HCE) MOBILE PAYMENTS?

mobile banking1

Published : 10 years ago, on

Mobile payments continue to make headlines. Trials have come and gone and cross-industry relationships have been set up and crumbled after the honeymoon period. Many of us, I’m sure, have questioned whether mobile NFC payments would ever become a mass-market reality.

Google changed all of this with one announcement in 2013. The incorporation of host card emulation (HCE) into the Android platform brought significant relief to many of the key banks and service providers that have been trying to make progress in launching mobile payments using USIM secure elements.

We have developed the below infographic to highlight some of the key statistics that demonstrate the readiness of the market for mass market delivery of mobile services using HCE. The infographic highlights the month-on-month growth of the deployment of Android KitKat 4.4, the percentage of global mobile operating systems that have the potential to support HCE, the countries where contactless mobile payments are likely to achieve swift adoption and global consumer readiness for mobile payments.

No more talking and no more trials. HCE is a turning point for the delivery of mobile services and many banks and services providers around the globe are already seizing this opportunity. Interested to learn more, check out our short video on HCE.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post