Vodafone to launch biggest mobile wallet next year

Vodafone GhanaVodafone will launch what could be the world’s largest mobile wallet next year. The U.K.-based wireless provider will be offering a mobile payment product to its more than 400 million global subscribers. The company announced that mobile wallet provider CorFire and digital security company Gemalto will be partnering on the effort.

The plan is to launch mobile wallet services by the middle of next year in Germany, the Netherlands, Spain, Turkey and the U.K., Vodafone said. In an email, a company spokesman said Vodafone will then offer the service in other countries within the next five years. Vodafone currently operates in 30 countries around the world.

Corfire, the m-commerce unit of SK C&C USA, will be providing its CorPay mobile wallet for the effort. In a call with Mobile Payments Today, Pascal Caillon, vice president for business development and strategy for Corfire, said the Vodafone mobile wallet will be the first to be deployed across Europe as well as the first through a mobile network operator of Vodafone’s size.

The agreement also is significant in that it validates CorFire’s “multi-tennant” mobile wallet strategy, Caillon said. CorPay’s approach will not only let users store multiple payment card types, but eventually it will also allow them to add non-payment applications such as transit passes, tickets, loyalty cards and even building access cards.

While Corfire will be making the mobile wallet product usable, Gemalto will be making it secure with its global Trusted Service Management platform. The TSM is a crucial part of securing any NFC mobile wallet. It’s responsible for things like provisioning accounts in real time and associating them with a user’s mobile device. Additionally, Gemalto will provide its UpTeq NFC SIM chips to store data on mobile devices securely.

“With the experience of dozens of TSM deployments worldwide, Gemalto brings significant accumulated expertise from both the telecoms and banking sectors,” said Philippe Vallée, executive vice president of telecommunications at Gemalto.

Source: www.mobilepaymentstoday.com

News Reporter
Lionnel Yamentou Ndzogoue is a young African dreamer, with the vision of creating 10,000 or more jobs in Africa by 2035 in contribution to wealth creation on the continent. This blog is a platform for expressing his thoughts on the world, technology, personal development and other subjects as they come to mind. Some content is republished from other online sources.