Mozido, a global provider of digital commerce and payment products, has announced 14 banks within the Taiwan Mobile Payment Co consortium have adopted its HCE technology products. Two banks will immediately launch the product and the 12 remaining banks will launch later this year.

Mozido's HCE product provides a mobile wallet capability for the consortium that supports consumers using HCE cloud-based NFC phones. This particular group of banks is one of the first significant HCE implementations worldwide and the first customer to go to market with Mozido HCE, according to a Mozido press release.

"We appreciate all the support provided by Mozido and expect a great success in commercial launch," said Wei-Jong Pan, president of the Taiwan Mobile Payment Co. "Mozido's demonstrated strength in mobile wallet platforms, 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 consumers."

A coalition of 26 banks in Taiwan was formed to build a nationwide mobile payments initiative as Taiwan plans to move its population toward a cashless society. Mozido is providing the group with a mobile wallet platform that provides HCE cloud-based NFC capabilities in one complete solution. Mozido is providing tokenization and de-tokenization services for quick and secure mobile payment transactions for consumers using mobile applications supported by the group

"We are delighted to partner with TWMP to provide this innovative solution to consumers in Taiwan," said Scott Moore, Mozido's general manager of Asia-Pacific. "Utilizing Mozido's sophisticated and all-in-one solution to provide complete HCE mobile wallet capabilities provides outstanding flexibility and convenience to TWMP bank customers."