24 October 2014

Vodafone enlists CorFire and Gemalto for mobile wallet

29 October 2012  |  4993 views  |  0 Business man using Smartphone

UK-based wireless giant Vodafone has teamed up with Gemalto and m-commerce outfit CorFire to develop an NFC-based mobile wallet.

The wallet - slated to launch early next year in Germany and Spain, before arriving in other European countries - will use CorFire's CorPay technology for a wallet that will let users conduct "a number of transactions" including POS payments.

CorPay uses the Secure Element to encrypt and store personal account information and relies on a full client/server architecture that allows the support of phone change and SIM switching.

Christian Wirtz, director, m-commerce, Vodafone, says: "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."

Meanwhile, Gemalto has been awarded the multi-year global contract to provide and operate a global Trusted Service Management (TSM) platform for Vodafone. Gemalto says it will provide "a range of innovative services that can address hundreds of millions of subscribers, located in all the countries where Vodafone Group operates".

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

23 October, 2012
05 September, 2012
27 February, 2012
18 January, 2011
08 December, 2008

Related company news

 

Featured job

to £80k base, double OTE, stock options
London, UK or Germany / Austria / Switzerland

Find your next job