Gemalto’s (News - Alert) solution for Mobile Financial Services (MFS) has been deployed by Telecom Italia for the launch of mobile wallet. Telecom Italia is a mobile operator in Italy with over 30 million subscribers.
The solution includes the LinqUs Trusted Services Management (TSM) platform for the secure management of NFC applications and the LinqUs mobile payment platform for transaction management. The integrated solution enables subscribers to manage a complete mobile wallet from their device and use it for a broad range of financial services. These include proximity retail and transport payments, online and remote payments, loyalty programs, and peer-to-peer money transfers both remotely and in proximity with NFC.
“Our Mobile Financial Services solution is designed to cover a wide range of use cases, whether on-line or in proximity, and to facilitate the addition of new mobile NFC services as demand grows,” said Jean-Claude Deturche, senior vice president Mobile Financial Services at Gemalto, in a statement.
With a tried and tested contactless infrastructure already in place, Telecom Italia’s (News - Alert) foreseen introduction of the mobile wallet is an exciting step forward for consumers in Italy.
“Mobile payments is a high growth market and we expect worldwide mobile transaction volume and value to average 42 percent annual growth between 2011 and 2016,” said Sandy Shen, Gartner (News - Alert) Consumer Services research director.
This will bring big opportunities for service and solution providers, who will need to cater to the local demand patterns to customize their offerings.
“There will be a few global players that have the scale and resources to serve large customers and the mass market whose requirements can be readily satisfied by standard solutions,” said Shen.
Recently, Gemalto, major player in digital security, announced that Orange (News - Alert) Jordan has rolled out its LinqUs Cloud Backup solution to offer mobile content back-up to all of its three million subscribers. The solution, compliant with the entire handset base, is a first-of-its-kind in the country.
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Edited by Amanda Ciccatelli