24 November 2015

Banco Itaú and TIM team on mobile NFC payments trial

22 February 2013  |  4019 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."

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


Top topics

Most viewed Most shared
Regulation biggest threat to fintech growt...
9661 views comments | 53 tweets | 27 linkedin
MIT to run fintech degree course
8414 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7610 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7599 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7407 views comments | 27 tweets | 30 linkedin

Featured job

Find your next job