Czech bank ČSOB launches HCE-based mobile wallet

Czech bank ČSOB launches HCE-based mobile wallet

Czech Republic bank ČSOB has enlisted Italy's SIA to launch what it claims is the country's first NFC payments mobile wallet for Visa and MasterCard.

The NaNákupy wallet uses SIA's infrastructure to virtualize MasterCard and Visa debit and credit cards through Host Card Emulation technology that stores data securely, regardless of the customer's mobile operator.

ČSOB says that by the end of the year it plans to extend the wallet beyond instore payments to the internet. Other features on the horizon include the addition of virtualized loyalty cards and store receipts and shared shopping lists.

Petr Hutla, member of the ČSOB board in charge of Retail, says: "We aim to simplify our clients’ lives, and therefore we decided to launch a solution where downloading the application and activating the service is enough - you can start paying with your mobile virtually immediately."

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