Hosted in Oberthur Technologies' highly-secured data centre in Tewkesbury (United Kingdom), the TSM will allow each bank partnering with Nets to securely issue, distribute and administrate payment cards into the NFC SIM cards of their respective customers.

Nets will be able to aggregate different types of NFC payment cards (debit, credit and prepaid cards) and will be open to other forms of mobile payment solutions in the future, as well as to a variety of digital services (tickets, travel cards, electronic keys, membership cards…). It will be provided as an open, flexible white label solution so that the end-users will perceive this as their individual bank's or service provider's solution.

Tomorrow's payment infrastructure is already being put in place in the Nordics with terminals capable of receiving contactless payments increasing in number and Nets are expecting to start delivering NFC services toward the beginning of next year.

"We are already providing TSM services to several banks in Europe as well as in the rest of the world and we are now delighted to participate in bringing together the ecosystem in Nordic countries by supplying Nets with our technology and expertise", said Arnaud de La Chapelle, Managing Director of the Solutions Business Unit at Oberthur Technologies.

"Before the end of the year, Nets will be ready to embark on the first projects with banks and retail chains for the development of mobile wallets, which will facilitate mobile payments using NFC for face-to-face transactions, for example. This is contingent on Nets becoming established as a link and unifying factor, bringing together banks, telecom operators and merchants. We have selected Oberthur Technologies as our technical suppliers in establishing the TSM role and we are working to develop the most value-creating mobile wallet in the market," said Susanne Brønnum, Group Executive Vice President of Nets.