22 June 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Turkey's Garanti Bank to offer customers NFC-enabled SIM cards

24 May 2010  |  10148 views  |  0 smartphone with graph

Turkey's Garanti Bank is partnering with local wireless operator Avea to provide mobile phone users with NFC-enabled SIM cards that remove the need to buy purpose-built contactless handsets.

Developed in conjunction with MasterCard and Gemalto, the new SIM cards will be available from July 2010. Garanti Bank customers will be able to convert their existing mobile phone to become compatible with NFC technology simply by installing the new SIM card. It enables users to conduct mobile contactless payments at numerous compatible payment terminals in Turkey and around the world.

Based on Garanti's existing Bonus Trink (pay pass) feature - which is currently available in multiple formats, including a key-fob, watch, credit card or sticker - mobile phone users will have the option to make payments by debiting either one of their Garanti credit cards or by using pre-paid credit.

The NFC-enabled SIM card can also be used as identification to gain access to buildings, as a ticket to football games or concerts, and at vending machines and metro stations. Users can also download additional functionalities to pay motorway tolls.

Mehmet Sezgin, CEO at Garanti Payment Systems, adds: "We have placed the needs and demands of our customer base at the centre of this project, enabling mobile phone users to gain access to NFC technology without having to replace their handsets...We are also moving closer to the aim of eliminating cash altogether by developing innovative products and services."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nice turns into mobile contactless city

Nice turns into mobile contactless city

21 May 2010  |  10532 views  |  0 comments
MasterCard and Gemalto in Singapore SIM-payments trial

MasterCard and Gemalto in Singapore SIM-payments trial

05 May 2010  |  10918 views  |  0 comments
Contactless m-payments trialled at Mobile World Congress

Contactless m-payments trialled at Mobile World Congress

15 February 2010  |  9093 views  |  0 comments
Singapore moves towards interoperable NFC infrastructure for m-payments

Singapore moves towards interoperable NFC infrastructure for m-payments

24 February 2009  |  10591 views  |  0 comments
NFC mobile payments put to the test in Thailand and Japan

NFC mobile payments put to the test in Thailand and Japan

12 February 2009  |  7256 views  |  0 comments
SIMalliance forms NFC working group

SIMalliance forms NFC working group

21 November 2008  |  6545 views  |  0 comments
GSMA calls for NFC as standard feature on mobile handsets

GSMA calls for NFC as standard feature on mobile handsets

19 November 2008  |  7308 views  |  0 comments
Visa launches Latin America's first NFC m-payments trial

Visa launches Latin America's first NFC m-payments trial

05 November 2008  |  12487 views  |  0 comments
Turkey plans multi-bank, multi-operator NFC trial

Turkey plans multi-bank, multi-operator NFC trial

24 October 2008  |  11784 views  |  0 comments
Garanti Bank introduces m-banking services

Garanti Bank introduces m-banking services

25 September 2007  |  6539 views  |  0 comments
Turkey's Garanti Bank to issue PayPass wrist watch

Turkey's Garanti Bank to issue PayPass wrist watch

08 May 2007  |  7615 views  |  0 comments
MasterCard launches PayPass in Europe with Turkey's Garanti Bank

MasterCard launches PayPass in Europe with Turkey's Garanti Bank

21 July 2006  |  10057 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.events.sap.comdownload the report now

Top topics

Most viewed Most shared
Santander's Openbank relaunched as 100% digital bankSantander's Openbank relaunched as 100% di...
15656 views comments | 48 tweets | 61 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8081 views comments | 17 tweets | 25 linkedin
satelliteBlockchain bank Babb appoints Ripple advis...
7497 views comments | 9 tweets | 1 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
7333 views comments | 4 tweets | 5 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7164 views comments | 8 tweets | 25 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job