KPN, the largest Dutch mobile network operator, and Rabobank, a major issuing bank in the Netherlands, announced their joint mobile payment solution today.
After strategic alignment and joint use case design, both parties are gearing up to complete their full technical implementation. This next generation of payment service enables Rabobank and KPN clients to use their mobile phone to pay.
UL is proud to work closely together with these valued customers to realize their joint mobile payment service to the Dutch market. This spring, the Rabo Wallet enables consumers to download their digital bank card to their KPN ‘NFC SIM-kaart’. This digital bank card allows consumers to leave their current wallet at home and pay with their phones. The Rabo Wallet, in addition to being a mobile banking app, also offers client cards, membership cards and vouchers.
The smartphone has gained vast popularity among consumers. To open up a broad range of future NFCbased services, KPN has already started with the distribution of the KPN ‘NFC SIM-kaart’. This state-ofthe art KPN ‘NFC SIM-kaart’ puts the Rabo Wallet services in reach for everybody owning a smartphone with Android version 4.4 or higher. By teaming up, KPN and Rabobank make secure and convenient transactions possible for a large number of Dutch consumers.
Amos Kater, Director Advisory and Education Services EMEA at UL’s Transaction Security division stated: “We are excited that KPN and Rabobank announced their cooperation today on this mobile payment service. We are delighted that UL’s in-depth expertise contributes to realize this innovation and are confident the Dutch consumer will be enthusiastic to start using this service. This joint cooperation between KPN and Rabobank is an outstanding achievement.’’
UL assists both KPN and Rabobank to introduce this novel service. UL’s support ranges from exploring the feasibility of this joint mobile payment service to full ecosystem testing rounds with all parties involved. Support to both companies includes:
- Strategic advice on the market entry and collaboration model
- Technical realization from concept and design to implementation support and extensive testing
- Security assessments to assure a trust-worthy solution