Vivo has selected Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, to provide the TSM (Trusted Service Manager) platform. With the Gemalto platform, the operator can offer mobile payment products and services using Near Field Communications (NFC) technology, which makes it possible to carry out financial transactions by simply tapping a mobile phone near a specific terminal.
The initiative reinforces the positioning of the company, a "Telco Digital", and represents a further step towards the democratization of electronic payments - adding mobility, security and convenience for its users.
With the solution in place and together with Gemalto's UpTeq multi-tenant NFC SIM cards, Vivo will be able to expand its product portfolio for m-payments, offering services to mobile customers including contactless payments, transit ticketing and financial transactions between users of the solution.
The growth model of the Telefónica Group companies is based on their ability to innovate. Brazil, the largest Telefónica operation in regards to number of customers, is one of the focal points of Telefónica Digital, which is the innovation arm of Telefónica Group worldwide. The development and delivery of financial products and services represents the company's firm commitment to grow and strengthen its operations beyond connectivity, adding a new option for customers as well as for those who want to start or intensify contact with connectivity technologies.