What is HCE (host card emulation)?

Host card emulation (HCE) is an innovation for protecting a mobile phone that tends to be utilized to make credit or debit transactions at a physical point-of-sale (POS) terminal. HCE empowers versatile applications to provide safe payment card and verification arrangements without the requirement for a payment card to be genuinely present. This innovation empowers the traders to provide payment cards solutions effectively through versatile closed-loop contactless payment arrangements.