Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces the deployment of its complete end-to-end Mobile Financial Services (MFS) software solution by Telecom Italia, the leading mobile operator in Italy with over 30 million subscribers, for the launch of their mobile wallet.
The solution includes the LinqUs Trusted Services Management (TSM) platform for the secure management of NFC applications and the LinqUs mobile payment platform for transaction management.
Gemalto's unique integrated solution enables subscribers to manage a complete mobile wallet from their device and use it for a broad range of financial services. These include proximity retail and transport payments, online and remote payments, loyalty programs, and peer-to-peer money transfers both remotely and in proximity with NFC. Gemalto's complete mobile contactless solution encompasses the UpTeq NFC high end SIM and the TSM service that enable to offer Service Providers a platform that lets them deliver compelling NFC services including payment, transport, as well as access control to stadiums and conferences.
Gemalto, together with its system integration partner Hewlett-Packard Italy, provides the services platform that enables the connection to service providers including banks, merchants, retailers, transport operators and public administrations, helping Telecom Italia to achieve brand differentiation, increase customer loyalty and gain access to new revenue streams. The comprehensive service from Gemalto will help extend Telecom Italia's market reach to offer services to customers in previously untapped demographics such as the under-banked and teenage population.
Jean-Claude Deturche, Senior Vice President Mobile Financial Services at Gemalto, added: "Our Mobile Financial Services solution is designed to cover a wide range of use cases, whether on-line or in proximity, and to facilitate the addition of new mobile NFC services as demand grows. With a tried and tested contactless infrastructure already in place, Telecom Italia's foreseen introduction of the mobile wallet is an exciting step forward for consumers in Italy."
"Mobile payments is a high growth market and we expect worldwide mobile transaction volume and value to average 42% annual growth between 2011 and 2016," added Sandy Shen, Gartner Consumer Services Research Director. "This will bring big opportunities for service and solution providers, who will need to cater to the local demand patterns to customize their offerings. There will be a few global players that have the scale and resources to serve large customers and the mass market whose requirements can be readily satisfied by standard solutions."