Digital security firm Gemalto, in collaboration with MasterCard, has deployed over one million Optelio contactless EMV cards in a year for Banco Santander Brasil, through Santander Universities.
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The Gemalto Santander solution that combines the EMV security with the contactless transactions using MasterCard PayPass features has achieved the largest deployment of its kind in South America.
The multi-application card allows students to access their bank accounts and make low-value purchases by waving their card in front of a contactless reader and also avail discounts at participating bookstores, restaurants and study centres.
MasterCard Brazil products vice president Marcelo Tangioni said: "University Smart Card is an important tool for financial inclusion for young people, as well as a technology enabler to academic activities."
Gemalto senior vice president of secure transactions for Latin America Diego Schpilberg said: "Millions of secure University Smart Cards are already activated and growing every day across Brazilian university campuses."
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By GlobalData
