NFC Based Mobile Payments to Start Shortly in Sao Paulo
Published on: 26th Mar 2014
Note -- this news article is more than a year old.
Within the next few months, Brazilians will be able to use their smartphones to carry out contactless payment transactions when shopping.
The NFC based mobile payments service will launch at more than 200,000 payment points in retail outlets. This, the first commercial project of its kind in Brazil, is starting in the state of São Paulo and will later be expanded to other parts of the country.
In the first commercial project of its kind in Latin America, Giesecke & Devrient (G&D) is working together with Claro and one of the country's largest banks, Bradesco.
G&D said that it is supplying the SIM cards with secure storage for the payment software, as well as the SmartTrust Portigo mobile wallet for smartphones, which contains sensitive customer information such as credit/debit card numbers and account details. G&D is also providing the Trusted Service Manager (TSM) solutions to both Bradesco and Claro.
"By adopting mobile payment services based on NFC technology Brazil is setting the course for all of Latin America. We are delighted at the chance to furnish both our partners with a secure, overall concept," says Carsten Ahrens, Group Senior Vice President, Server Software and Services (3S) division at Giesecke & Devrient.