24 February 2017
visit nextgenbanking.co.uk

Bradesco and Claro to launch mobile wallet in Brazil

26 March 2014  |  5343 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)

Finextra news in your inbox

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

Related stories

Banco Itaú and TIM team on mobile NFC payments trial

Banco Itaú and TIM team on mobile NFC payments trial

22 February 2013  |  4424 views  |  0 comments | 3 tweets | 1 linkedin
Bradesco opens the bank of the future

Bradesco opens the bank of the future

30 August 2012  |  20270 views  |  4 comments | 2 tweets
Nokia trials Brazilian mobile NFC payments

Nokia trials Brazilian mobile NFC payments

16 April 2012  |  5732 views  |  0 comments
MasterCard and Telefonica create Brazilian m-payment joint venture

MasterCard and Telefonica create Brazilian m-payment joint venture

22 November 2011  |  6904 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.com

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12169 views comments | 51 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8316 views comments | 40 tweets | 34 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6584 views comments | 18 tweets | 13 linkedin
hands typing furiouslyDecoding the Policy Impact of India's Unio...
6466 views 0 | 13 tweets | 2 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6337 views comments | 7 tweets | 4 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job