HKT partners with HSBC to further develop NFC mobile payment services

HKT announces its partnership with HSBC to further develop Near Field Communications (NFC)-based credit card mobile payment services. The partnership between HKT and HSBC will adopt the proven security of Single Wire Protocol (SWP)-SIM cards, which serve as the secure element for storing payment applications running on a mobile phone. PCCW-HKT's SWP-SIM can carry different credit cards issued by partnered banks.