Mobile network operator Orange has begun rolling out NFC-enabled SIMs to its 27 million customers across France in a move that will accelerate the uptake of contactless payments.
Gemalto is not just a "local vendor", they are one of the world's Top 3 SIM and bank cards players.
Remote uploading of "cards" (i.e. OTA post-issuance provisioning of authentication credentials) has been available for a number of years; the only "novelty" there is the SIM-to-NFC interface. The solution is an app, not a "wallet" - consumers cannot choose
which cards are added, e.g. I cannot buy such SIM whilst on vacation in France and load my cards onto it. Also, cards can only be used with NFC POS - if I still have to carry my physical wallet around, the benefits of that solution are greatly diminished.
There is a (much) more elegant way of using the "SIM+NFC" combo for payments (retail, online, mobile).
to £100k base, commission, benefitsLondon, UK
© Finextra Research 2015