Gemalto announced that its UpTeq NFC SIM and AllynisTrusted Services Management (TSM) platform are at the core of Brazil’s first mobile NFC payment program.
TIM Brasil, a mobile operator with 70 million subscribers, and Banco Itaú, one of the world’s largest banks, are using Gemalto’s technology to allow smartphones transact, its TSM platform will enable the secure integration and management of NFC services across the country.
“Technology, infrastructure and consumer awareness of contactless payment are poised for tremendous growth in Brazil,” says Fernando Teles, credit card director, Itaú Unibanco. “Gemalto’s proven NFC technology increases agility in payment systems helping to transform consumers’ relationship with their banks, mobile devices and operators and ultimately, energize the marketplace in Brazil.”
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