Norwegian telco Telenor and local bank DNB are launching ‘Tap2Pay’, the country’s first nationwide mobile payments service.
‘Tap2Pay’ will act as a single connection point from which mobile operators, banks, public transport authorities and other service providers can plug into and provide services across an interoperable eco-system.
For the full-scale commercial launch, the joint venture has selected Giesecke & Devrient to provide remote management of the secure element and NFC SIM cards to the platform. French tech outfit Gemalto will provide its Allynis TSM Hub as well as integration and deployment support to offer a mix of mobile contactless payments at the point-of-sale, alongside coupons, loyalty programs and transit ticketing.
Telenor and DNB established their joint venture in 2008, launching a pilot project in Oslo in 2011. In August, the company also showcased its Valyou NFC mobile wallet at the Mobile World Congress show, with a promise to begin live operation in the last quarter of 2013.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData