On the technology side, cloud based services and electronicpayment methods such as PayPal, Google Wallet and mobile payment enable these services to be consumed any time, any place.
By integrating Intrinsic ID's PUF technology into its secure microcontroller SmartMX2, NXP significantly enhances the chip's security architecture and strengthens applications such as NFC-enabled mobile payment, electronic ticketing, and eGovernment and cyber security services.
There are only three non-bank E-money institutions authorized under the Financial Services (Banking) Act for issuing means of payment in the form of electronic money.