Bank of China (Hong Kong) is to introduce a microSD card based NFC payments service before the end of the year. Selected customers will be able to use the BOC e-Wallet Mobile Payments Service "from Q4 2013."
BOC Card and BOC China UnionPay dual currency credit card holders will be able to store their cards on the NFC microSD card and make payments with their mobile phone at MasterCard PayPass, UnionPay QuickPass and Visa PayWave terminals.
"The BOC e-Wallet Mobile Payment Service will offer customers a new spending model with cross-functional, cross-currency and cross-regional flexibility locally and overseas," says the bank's Dickson So.
BOC e-Wallet will initially be available for the Samsung Galaxy S4 LTE, Galaxy S III LTE, Galaxy Note II LTE, Galaxy S4, Galaxy Note II, Galaxy S III and LG Optimus G Pro smartphones.