News
OT partners with Mobvoi and CUP to launch the first secure contactless payment service on Ticwatch in China
June 2016 by Marc Jacob
OT (Oberthur Technologies) announced a key partnership with Mobvoi, the leading Artificial Intelligence and smart watch company, and China Union Pay (CUP), the Chinese payment scheme, to launch one of the first Android smart watches allowing secure contactless payment in China secured by OT’s embedded Secure Element.
Mobvoi’s Ticwatch is by far the best selling Android smart watch in China since its launch in September 2015. With the objective to provide a revolutionary payment experience on a smart watch, Mobvoi, in collaboration with CUP and OT has now added the convenience of secure payment with a wave of the wrist. To make a purchase, users will just need to wave their Ticwatch in front of a contactless CUP payment terminal in the near future. By mid 2017, all payment terminals will support contactless payment following China’s central bank regulation.
In order to secure the CUP payment service running on Mobvoi’s smart watches, PEARL by OT® embedded Secure Element was chosen. It is the most advanced multi-application eSE offering the highest level of security and the largest memory on the market. This all-in-one product allows easy deployment of NFC services, such as payment, transit, governmental and automotive applications, as well as online services for enterprise and consumer markets. It is the safest possible place to store confidential information and execute sensitive applications. PEARL by OT® is certified by all major payment schemes for mobile payment, including CUP.
Thanks to PEARL by OT®, paying with a Ticwatch will become incredibly convenient and seamless for end-users. They will simply install a Ticpay onto their mobile phone to activate the service, then simply by scanning an existing payment card, they can add it to Ticpay.
