HKT partners with JETCO to significantly expand NFC mobile payment services

HKT (SEHK: 6823) – , December 11, 2013 – HKT is significantly expanding Near Field Communications (NFC)-based mobile payment services across a wide range of credit cards issued by various banks, by entering into a new partnership with Joint Electronic Teller Services Limited (JETCO).

The partnership between HKT and JETCO will adopt the proven security of Single Wire Protocol-SIM (SWP-SIM) cards, which serve as the secure element for storing payment applications running on a mobile phone.

JETCO's mobile payment service is expected to be launched in the first quarter of 2014. By that time, PCCW-HKT customers will be able to enjoy the convenience of hassle-free mobile payment services with a number of major credit cards, including VISA, MasterCard and China UnionPay, issued by over 30 JETCO member banks. Details of the service will be announced upon service launch.

Mr. Alex Arena, Group Managing Director of HKT, said, "The link-up to JETCO with its massive network of banks has further illustrated HKT's dedicated efforts to develop NFC mobile payment services to enhance our customers' mobile experience."

JETCO was established in 1982 by five banks, namely, Bank of China (Hong Kong) Limited, The Bank of East Asia Limited, Chekiang First Bank Limited (now Wing Hang Bank, Limited), Commercial Bank Limited and Wing Lung Bank Limited. Today, JETCO has more than 30 member banks in Hong Kong and Macau and provides a range of services to these member banks covering both regions.

About HKT

HKT (SEHK: 6823) is Hong Kong's premier telecommunications service provider. It meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting and contact centers. Together with the highly successful media business of its parent company, PCCW Limited, HKT offers innovative media content and services across the PCCW Group's unique quadruple-play platforms – fixed-line, broadband Internet access, TV and mobile.

For further information, please contact:

Stella Wong Group Communications Tel: +852 2888 2253 Email: [email protected]

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