04 August 2015

Banco Itaú and TIM team on mobile NFC payments trial

22 February 2013  |  3909 views  |  0 NFC

Banco Itaú and telco TIM Brasil have teamed up for a mobile contactless payments pilot in Brazil.

The partners are giving 50 trial participants handsets linked to TIM Itaucards which can be used to make low value payments at MasterCard PayPass terminals in more than 100 restaurants, coffee shops and stores in Rio de Janeiro and Sao Paulo.

The handsets will hold NFC SIMs from Gemalto, which is also providing its trusted services management (TSM) platform for the project. The vendor says that, as the pilot expands, its TSM offering will allow secure, over-the-air installation of a wide range of NFC services on mobile devices such as public transportation.

Roger Solé, CMO, TIM Brazil, says: "TIM has innovation as a strategic pillar and, once again, comes out ahead with the test of a technology that promises to be an important evolution of mobile. This partnership with Itau and our quest to evaluate the NFC model demonstrates our concern to offer solutions that bring more convenience to customers."
KeywordsEFTPOS

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

18 February, 2013
07 February, 2013
20 July, 2012
16 April, 2012
26 October, 2011
21 June, 2011

Related company news

 


Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
11388 views comments | 28 tweets | 33 linkedin
Will Uber be the Uber of banking?
9455 views comments | 41 tweets | 33 linkedin
MasterCard to connect Europe to Samsung Pa...
6929 views comments | 20 tweets | 16 linkedin
Deutsche Bank backs blockchain potential
6893 views comments | 32 tweets | 18 linkedin
Payments and capital markets sectors domin...
6834 views comments | 17 tweets | 19 linkedin

Featured job

to £80K base + commission + bonus
London, UK

Find your next job