JETCO launches mobile NFC services in Hong Kong and Macau with Gemalto's Trusted Service Hub

Amsterdam, March 10, 2015 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that Joint Electronic Teller Services Limited (JETCO) has commercially launched mobile NFC services in Hong Kong and Macau using Gemalto's Allynis Trusted Services Hub (TSH). JETCO is the largest Automatic Teller Machine (ATM) network in the region consisting of 32 member banks. The Hub provides aggregation service for banks and service providers, delivering secure over-the-air provisioning of payment credentials to their customers' NFC phones. This will allow users to pay for their goods, services, and transport with a simple tap of their smartphones.

Hong Kong, with a population of 7.2 million, has the highest smartphone penetration in Asia Pacific, and a user base that is already familiar with contactless payment. Gemalto's TSH provides JETCO with a single connection and immediate access to the broadest base of users, allowing it to quickly deploy NFC services across a comprehensive portfolio of smartphones and mobile networks.

"Hong Kong is experiencing major growth in cross border payments, particularly with Mainland China," said Mr. Angus Choi, CEO of JETCO Hong Kong. "Gemalto's TSH provides a one-stop solution that allows our member banks to plug in to the NFC infrastructure and provision services for their large base of customers, seamlessly and securely."

"Gemalto's TSH enables JETCO to play the role of a trusted third party, eliminating the need for multiple individual contracts," said Suzanne Tong-Li, President for Greater China and Korea at Gemalto. "With a strong track record of NFC deployments in Asia, we can empower JETCO to play a leading role in transforming Hong Kong into a fully cashless society."

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2014 annual revenues of €2.5 billion and more than 14,000 employees operating out of 99 offices and 34 research and software development centers, located in 46 countries.

We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work - anytime, everywhere - in ways that are enjoyable and safe. Gemalto enables companies and administrations to offer trusted and convenient digital services to these individuals. We secure in particular mobile services, the financial transactions, the internet and private clouds, eHealthcare systems, access to eGovernment services, the internet-of-things, and transport ticketing systems. Our unique technology portfolio from cryptographic software embedded in a variety of familiar objects to high-volume high-availability authentication, encryption and rights management platforms and world class service delivery teams are valued by our blue-chip customers in more than 180 countries around the world.