Chunghwa launches NFC payments in Taiwan

Taiwan's largest mobile network operator's NFC payment service has gone live and four banks will now begin the roll-out of Chunghwa Telecom's mobile credit card service, which enables Mastercard PayPass credit cards to be issued over-the-air to customers' NFC-enabled SIMs, starting with Cathay United Bank. Three other financial institutions — ChinaTrust Commercial Bank, Taishin International Bank and E-Sun Bank — are set to follow within the next couple of weeks