Samsung has launched its SIP-NFC chip, the
SENHR1, for enhanced mobile payment efficiency.

SENHR1 combines a NFC controller and a secure
element storing personal information and security keys, vital for
reliable and efficient mobile payment on NFC enabled mobile
devices.

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Users will be provided with a device that can
sufficiently store one’s choice of diverse mobile services, such as
credit card codes, e-money and transportation transaction/payment
services – at the required capacity.

The NFC controller includes
a feature allowing payment transactions to be made when the
device is discharged.

Dojun Rhee, vice president of System LSI
marketing, device solutions, Samsung Electronics said:

“Samsung’s new secure NFC solution with its
high data storage capacity provides consumers with ample room to
expand operation service and features to deliver the ultimate user
experience.”

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The card will be on display at Cartes 2011 in
Paris.