Rabobank, one of the largest financial institutions in the Netherlands, has teamed up with Giesecke & Devrient (G&D) in the launch of a commercial contactless mobile payment solution.
The
Rabobank launches commercial mobile NFC service
cooperation between Rabobank and G&D will enable consumers to have contactless payment products available in smartphones that support Near Field Communication (NFC) technology.
For the first time in the Netherlands, consumers can use their smartphones in this commercial mobile payment project based on NFC technology. Rabobank and Giesecke & Devrient have already started the collaboration, and in 2014 customers will be able to pay using their smartphones via NFC in all stores equipped with contactless POS terminals.
Rabobank customers can apply for the mobile payment cards online and will receive their mobile payment card directly to their smartphone thanks to a fully integrated Trusted Service Manager (TSM) infrastructure between Rabobank and G&D.
“As Rabobank we see a steep increase in the use of smartphones for payments in the Netherlands. We already have more daily users of mobile banking than we have for internet banking. We plan to follow our customers in these developments and want to focus on smartphone developments as in mobile NFC payments,” comments Jeroen Verrijdt, Director Payments and Savings at Rabobank Nederland.
The launch of the mobile payment solution is targeted in the Netherlands for 2014.
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