Turkey-based Türk Ekonomi Bankasi (TEB) has adopted Visa Europe’s Host Card Emulation (HCE) technology to launch mobile contactless payment services in the country.

The service will enable customers to make contactless payments securely using a tokenization platform launched by Visa Europe.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The HCE payment service allows the bank’s customers to make Visa contactless payments across more than 2.4 million contactless terminals.

HCE will enable users to execute contactless transactions using card data stored in the cloud rather than on the device.

TEB senior assistant general manager for retail and private banking Gökhan Mendi told bankingtech.com: "We aim to pioneer payment innovation and we are proud to be working with Visa Europe to create a cloud-based contactless mobile payment infrastructure for our customers."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.