Rabobank rolls out mobile wallet
12 February 2015 | 12554 views | 9
Rabobank has rolled out a mobile wallet on the embedded Secure Element of Samsung Galaxy S4 and Samsung Note 3 phones.
Dutch consumers are now able to use their smartphones to pay for their shopping, check balances, store loyalty cards and to redeem digital vouchers via Near Field Communication (NFC) in shops that are equipped with contactless terminals.
Contactless payments are available at around 66,000 retailer terminals in the Netherlands, and the Dutch bank claims to have 150,000 customers who have downloaded its banking app on the Samsung devices.
The commercial launch of the wallet follows an NFC payments pilot in the Dutch city of Leiden conducted by Rabobank in association with ING and ABN Amro.
Some 1000 consumers and 180 businesses took part in the trial, in which 2000 NFC payments per week were made with a total value of about €20,000.
Rabobank, which is using technology from Giesecke & Devrient to secure transactions and upload new applications to consumer phones, is the only bank to so far commit to a full-scale roll out.
The bank was a leading participant in the Dutch Sixpack alliance with the country's top telcos, which shut down three years ago over differences in costs and timing. By using the Samsung SE, Rabobank is able to bypass telco SIM cards altogether.