Wireless competitors joining forces to create an NFC mobile payment joint venture is becoming the common strategy around the world. Now Taiwan is getting its own Isis-type JV, according to Chinese Economic News Service.

According to the post, Chunghwa Telecom Co. Ltd., Far EasTone Telecom Co. Ltd. and Taiwan Mobile Corp. are creating a joint trusted services management (TSM) company and have agreed to promote mobile e-commerce and NFC-enabled payemnts.

The carriers will ask EasyCard Corp. to join the venture along with VIBO Telecom Co., Ltd. and Asia Pacific Telecom Co., Ltd. to join the team, according to the story.

At first, the TSM will be a non-profit known as the Joint Credit Information Center and will serve only as a platform to verify credit information, but plans are to add credit card issuing banks at some point. Additionally, HTC and Samsung have been approached to supply NFC-enabled smartphones. 

The post estimates that the Taiwanese mobile payment market is about NT$10-20 billion (US$333-666 million) through the next two years.