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Starting in H1 2014 Brazilians will be able to use their smartphones to carry out contactless payment transactions when shopping. In the first commercial project of its
Brazil’s Bradesco teams with Claro for contactless payment deployment
kind in Latin America, Giesecke & Devrient (G&D) is working together with Claro and one of the country’s largest banks, Bradesco.
The mobile payment project will kick off in the state of São Paulo and will later be expanded to other parts of the country, generating a total countrywide customer base of over 85 million users.
G&D is supplying the SIM cards with secure storage for the payment software, as well as the SmartTrust Portigo mobile wallet for smartphones, which contains sensitive customer information such as credit/debit card numbers and account details. G&D is also providing the Trusted Service Manager (TSM) solutions to both Bradesco and Claro.
Starting in H1 2014, Brazilians will be able to use their smartphones to do just that at more than 200,000 payment points in retail outlets. This, the first commercial project of its kind in Brazil, is starting in the state of São Paulo and will later be expanded to other parts of the country.
For Claro and Bradesco, this opens up a vast array of new business opportunities. Claro customers buying a new NFC device already benefit from the preinstalled mobile wallet application. The mobile wallet application can be installed onto existing Claro customers’ smartphones.
The post Brazil’s Bradesco teams with Claro for contactless payment deployment appeared first on Payments Cards & Mobile.
