Rabobank, in collaboration with Munich-based technology group Giesecke & Devrient (G&D), has launched a private mobile payment system named Rabo Wallet for its customers.
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The Rabo Wallet will leverage G&D’s mobile application platform Convego AppWorld and Trusted Service Management (TSM) service for secure mobile payments.
The solution will enable consumers in the Netherlands to use their Samsung S4 and Note 3 smart phones to pay for shopping, check balances, store loyalty cards and to redeem digital vouchers via Near Field Communication (NFC) in shops that are equipped with contactless terminals.
G&D’s TSM service, which is connected to Samsung’s provisioning solution, will enable Rabobank to manage the complete life cycle of its mobile debit card after issuance.
The partnership with G&D will allow Rabobank and its partners to use the Convego AppWorld development kit to set up services to offer their customers via the remote G&D managed services.
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By GlobalDataG&D group senior vice president and head of the Financial Institutions division Edgar Salib said: "We are delighted that with our Convego AppWorld end-to-end solution we have been able to support the launch of the Rabo Wallet to the satisfaction of Rabobank."
