21 April 2015

Bradesco and Claro to launch mobile wallet in Brazil

26 March 2014  |  3975 views  |  0 Brazilina flag 2

One of Brazil's largest banks, Bradesco is working with telco Claro to kick off a nationwide NFC-based mobile payments programme starting in Sao Paulo in the second half of the year.

The telco and bank are working with Giesecke & Devrient to deliver the service, which will be applicable at more than 200,000 eftpos terminals in retail outlets across the country.

G&D is supplying the SIM cards with secure storage for the payment software, as well as the SmartTrust Portigo mobile wallet for smartphones, which contains sensitive customer information such as credit/debit card numbers and account details. The wallet can additionally store third party identity and loyalty cards.

The German firm is also providing the Trusted Service Manager (TSM) utility to both Bradesco and Claro.

The Claro branded mobile wallet can be downloaded from the Google's Play Store. The G&D TSM uses Claro's mobile network to securely transmit Bradesco account holders' payment card information to the secure element on their SIM card.

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

22 February, 2013
30 August, 2012
16 April, 2012
22 November, 2011

Related company news

 

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
7159 views 14 comments | 26 tweets | 14 linkedin
BBVA buys UX firm Spring Studio
7136 views comments | 34 tweets | 17 linkedin
World Bank reports big drop in numbers of...
5320 views 10 comments | 37 tweets | 16 linkedin
Digital and core renewal to drive bank IT...
5216 views comments | 33 tweets | 27 linkedin
PayPal exec wants to replace passwords wit...
5153 views comments | 35 tweets | 14 linkedin

Featured job

to $175k base, double OTE, benefits
New York City, NY (USA)

Find your next job