This partnership also includes a widespread distribution of SideTap microSD cards to consumers throughout The People’s Republic of China via AboMem’s extensive distribution network.
Tyfone’s patented SideTap microSD product can be added to mobile devices for enabling secure element functionality with NFC connectivity. SideTap is a unique feature of Tyfone’s groundbreaking u4ia platform that provides end-to-end mobile financial services solutions from informational services and commerce to secure identity and contactless payments via NFC.
“A necessary element required for the success of add-on NFC and secure element capabilities is the ability to scale to meet demand,” said Nick Holland, senior analyst with the Yankee Group. “This announcement demonstrates that Tyfone will be equipped with the manufacturing capabilities that will be critical for matching incoming demand for NFC hardware as the floodgates are opened.”
“AboMem has partnered with Tyfone because of its commitment, innovation, superior technology and patent portfolio for enabling mobile commerce,” said Aaron Yang, chairman of AboMem. “AboMem has seen Tyfone evolve SideTap from the prototype phase into a market-ready solution, and is excited to take our relationship to the next level and look forward to achieving success in China and the rest of the world.”
This agreement leverages AboMem’s established manufacturing and distribution infrastructure with Tyfone’s design and manufacturing know-how to achieve wide-scale adoption of an add-on secure element solution.
“Tyfone’s partnership with AboMem in China enables Tyfone to scale its business with a recognized leader in manufacturing memory products, and unleash its established distribution supply chain,” said Prabhakar Tadepalli, Tyfone’s president of Asia Pacific and chief operating officer. “The support AboMem has provided Tyfone over the past several years for our vision for mobile commerce has been invaluable, and we look forward to our partnership and the opportunity to serve the world’s largest consumer market.”