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January 20, 2016updated 04 Apr 2017 3:59pm

KPN, Rabobank partner to launch SIM-based NFC mobile payment platform

Dutch mobile network operator KPN has teamed up with Rabobank to launch a SIM-based NFC mobile payment solution this spring.

By Verdict Staff

Dutch mobile network operator KPN has teamed up with Rabobank to launch a SIM-based NFC mobile payment solution this spring.

The new solution, Rabo Wallet, will allow consumers to download their digital bank card to their KPN NFC SIM-kaart (SIM card) to pay for goods and services at check-outs with their phones.

The Rabo Wallet will also offer customer cards, member passes and special offers. The bank has decided to launch the offering to the market in phases.

The wallet will be suitable for any mobile phone with a 4.4 version of Android. It was already made available for a series of Samsung phones in 2015.

KPN has launched its NFC SIM card to new mobile subscribers on 1 January 2016.

Rabobank head of finance, payments and insurance Elze Vonk said: "Consumers want to do more and more with their smartphones; they would actually prefer to leave their wallets at home. This is possible with the Rabo Wallet. It is quick and easy, and just as safe as paying with a plastic bank card.

"The Wallet is more than just a digital bank card. Customers can save customer cards, member passes and discount vouchers in it and receive special offers if they wish.

"They can also check their account balance and soon they will also be able to easily pay for parking. Payments are made directly from the current account, exactly the same as when using a bank card. This means customers can keep an eye on their account balance, which is important to Dutch consumers."

KPN director of new business Jasper Snijder said: "KPN is responding to this trend with the new NFC SIM card and is consequently delighted to be able to offer together with Rabobank the convenience of safe and fast mobile payments using NFC technology to our shared customers."

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