Oberthur Technologies (OT) has announced its partnership with Samsung for the deployment of Samsung Pay in Europe later this year.
The Samsung Pay service will allow Samsung Galaxy S6 and S6 Edge owners to use
their smartphone for contactless payments. The S6 and S6 Edge are all equipped with OT’s NFC embedded Secure Element (eSE), PEARL.
Contracting with Samsung and OT, banks will be able to offer their NFC payment card in the Samsung Pay application in a very secure and seamless way. Samsung and OT will manage all the enrolment, provisioning and lifecycle processes for the banks, enabling issuers to deploy their NFC payment service without major infrastructure investment and with a very fast time-to-market.