14 domestic banks in Taiwan have adopted Taiwan Mobile Payment Co’s (TWMP) cloud-based host card emulation (HCE) platform and electronic wallet app, according to the company. The platform allows people to store a MasterCard credit card on the Android-exclusive T-Wallet app developed by TWMP. The company said it will supply banks with a software development kit so that they can integrate the platform into their mobile payment apps. Consumers can digitally store credit cards by taking a photograph of the physical card with the T-Wallet app, after which contactless credit card transactions may be performed with their smartphones at points of sale. People do not need to apply for a new SIM card or a mobile-specific credit card to use the service, the company said. Taiwan central bank deputy governor Yang Chin-lung said the new service marks a milestone in Taiwan’s progress toward becoming a cashless nation.