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Largest mobile payment platform in Taiwan opens for business

Taiwan Mobile Payment Co. launched Taiwan’s largest mobile commerce platform on Tuesday with 32 participating financial institutions plus EasyCard. Through the new platform, users can make payments by tapping their smartphone on a near-field communication (NFC) reader at participating retailers. Payments will be processed through Taiwan Mobile Payment Co.’s trusted service manager (TSM), a system that allows providers to secure data handling, said Taiwan Mobile Payment Co. General Manager Pan Wei-jon on Tuesday.