Mozido Expands Presence in Taiwan through Available Payment Products

Mozido, a leader in financial technology products and solutions, announced a new partnership with Taiwan Mobile Payments Co. (TWMP).

The collaboration will allow the group to provide host card emulation (HCE) and tokenization services to financial institutions affiliated with the company.

“Mozido HCE is the latest addition to our robust suite of digital payments and commerce solutions,” said Michael Liberty, founder of Mozido.

The widespread availability of the brand’s HCE product, Mozido HCE, made the agreement possible. To support the growing number of Taiwanese consumers, a multi-functional digital wallet will be rolled out to individuals using HCE cloud-based NFC devices and hardware secure element based NFC phones.

Coined as a milestone connection, both businesses will benefit from the terms of the newly formed partnership. For Mozido, TWMP is one of the first companies to take the technology to mainstream markets. On the other hand, the implementation of HCE puts TWMP one step closer to fostering cashless practices in the region.

Behind TWMP is an alliance of 27 local banks. Formed in July of 2014 by three Taiwanese banking groups, the business priorities seamless payment experiences through the use of the latest products, platforms and services.

“We chose Mozido because they’re the only company that offers the flexibility and customization we need as a joint venture representing dozens of banks across the nation,” said Wei-Jong Pan, president of Taiwan Mobile Payment Co.

“Mozido’s demonstrated strength in mobile wallet platforms and as a Trusted Services Manager, along with its ability to combine payments technologies into existing applications, makes them the best partner for us in our endeavor to bring faster and easier mobile payments to banking consumers.”

Mozido’s global footprint extends to the US, China, India, Africa, Middle East, Europe and Latin America.