OT Partners with Mobvoi and CUP to Launch the First Secure Contactless Payment Service on ...

(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today 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. ...

Source : http://me-newswire.net//news/18100/en...