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Gemalto SIM powers first NFC payment in Ukraine

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Smartcard vendor, Gemalto says that it has supplied its UpTeq Multi tenant SIM embedded software and product to the Ukranian mobile network, Kyivstar, supporting the country's first ever contactless payment via a mobile phone.

Working in conjunction with Kyivstar, Alfa Bank's pilot paves the way for a full commercial launch of NFC mobile payments across the country.

"Our goal is to continue developing mobile finance products at Kyivstar extensively in 2014."  said Alexey Kireev, Head of New Business Department at Kyivstar.

At present there are an estimated 22,000 contactless payment terminals in Ukraine.

"By leveraging Gemalto's NFC technology, Kyivstar and Alfa Bank are pioneering a revolution in the way Ukrainians will pay for goods and services in the years ahead," added Philippe Cambriel, Gemalto President for Europe, Mediterranean and CIS. "With the booming in contactless equipment at the point of sale in the country, this is the perfect timing for mobile payment introduction."

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Tags: gemalto  kyivstar  sim card  nfc  Ukraine