Vodafone has signed a multi-year global contract with Gemalto, under which the Dutch M2M company will help the telecoms operator to launch so-called ‘wave and pay’ contactless transactions via mobile phones.
Best known for its digital security products, Gemalto (Amsterdam, the Netherlands) will provide Vodafone (Newbury, UK) with its Trusted Service Management (TSM) platform, which manages mobile-payment security encryption between financial institutions and mobile operators, as well as its UpTeq NFC card product.
The technology should ensure that Vodafone subsidiaries and third-party service providers, such as banks, transport operators and retailers, can easily connect to a secure and reliable NFC ecosystem.
“We are committed to partnering with the best suppliers to offer customers the speed, simplicity and convenience of managing everyday transactions with a single wave or tap of their smartphones,” said Christian Wirtz, Vodafone Group’s mCommerce Director. “The consumer benefits of contactless payments are obvious and the industry in Europe is now at the beginning of rolling out a contactless infrastructure. The potential of mobile to transform existing industries – such as financial services, retail and transport – is enormous.”
Gemalto claims to operate “dozens” of TSM deployments worldwide and regards the Vodafone contract as an important milestone.
“Vodafone’s project will benefit from Gemalto’s robust solution portfolio and from our know-how in end-to-end mission-critical systems integration,” said Philippe Vallée, executive vice president of telecommunications at Gemalto.