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Movistar and Banco Santander roll out NFC in Chile

Movistar Chile, a major mobile operator in Latin America and Banco Santander Chile, one of the largest retail and commercial banks in Latin America, have selected Oberthur to be their Trusted Service Manager (TSM) and provide an end-to-end solution for their Near Field Communication (NFC) pilot.

After the initial trial with selected end-users and participating shops in the Santiago area, movistar-NFCthe service will be opened throughout Chile with 5,000 compatible payment terminals expected by the end of the year.

The complete NFC solution includes a TSM to deploy and manage the service Over-The-Air (OTA), NFC SIM cards, a Mobile PayPass payment application and a mobile wallet allowing end-users to activate their payment cards and view their transactions history from their Samsung Galaxy S3 phones.

Banco Santander’s MasterCard payment card will be fully secured by the NFC SIM card, providing higher security than magnetic stripe payment cards that are currently used in Chile. Once the payment card is activated on their NFC SIM cards, the end-user will be able to pay for goods simply by tapping the phones onto contactless payments terminals.

“A rapid nationwide take-off of the service is expected in the coming years. We are paving the way to the deployment of other mobile contactless services besides payments, such as transport and loyalty programs. This joint trial with Banco Santander and Oberthur Technologies represents a real step forward in the deployment of NFC in Chile, and more generally across Latin America,” explains Paula Figueroa, marketing director at Movistar.

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