|[November 27, 2012]
Gemalto's Solution for Mobile Financial Services deployed by Telecom Italia
AMSTERDAM --(Business Wire)--
Gemalto (News - Alert) (Euronext NL0000400653 GTO), the world leader in digital
security, announces the deployment of its complete end-to-end Mobile
Financial Services (MFS) software solution by Telecom Italia (News - Alert), the
leading mobile operator in Italy with over 30 million subscribers, for
the launch of their mobile wallet. The solution includes the LinqUs
Trusted Services Management (TSM) platform for the secure management of
NFC applications and the LinqUs mobile payment platform for transaction
Gemalto's unique integrated solution enables subscribers to manage a
complete mobile wallet from their device and use it for a broad range of
financial services. These include proximity retail and transport
payments, online and remote payments, loyalty programs, and peer-to-peer
money transfers both remotely and in proximity with NFC. Gemalto's
complete mobile contactless solution encompasses the UpTeq NFC
high end SIM and the TSM service that enable to offer Service Providers
a platform that lets them deliver compelling NFC services including
payment, transport, as well as access control to stadiums and
Gemalto, together with its system integration partner Hewlett-Packard (News - Alert)
Italy, provides the services platform that enables the connection to
service providers including banks, merchants, retailers, transport
operators and public administrations, helping Telecom Italia to achieve
brand differentiation, increase customer loyalty and gain access to new
revenue streams. The comprehensive service from Gemalto will help extend
Telecom Italia's market reach to offer services to customers in
previously untaped demographics such as the under-banked and teenage
Jean-Claude Deturche, Senior Vice President Mobile Financial Services at
Gemalto, added: "Our Mobile Financial Services solution is designed
to cover a wide range of use cases, whether on-line or in proximity, and
to facilitate the addition of new mobile NFC services as demand grows.
With a tried and tested contactless infrastructure already in place,
Telecom Italia's foreseen introduction of the mobile wallet is an
exciting step forward for consumers in Italy."
"Mobile payments is a high growth market and we expect worldwide
mobile transaction volume and value to average 42% annual growth between
2011 and 2016," added Sandy Shen, Gartner (News - Alert) Consumer Services
Research Director. "This will bring big opportunities for service and
solution providers, who will need to cater to the local demand patterns
to customize their offerings. There will be a few global players
that have the scale and resources to serve large customers and the mass
market whose requirements can be readily satisfied by standard solutions."
Source: Gartner Report: "Forecast: Mobile Payment, Worldwide,
2009-2016", Published: 9 May 2012.
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital
security with 2011 annual revenues of €2 billion and more than
10,000 employees operating out of 74 offices and 14 Research &
Development centers, located in 43 countries.
We are at the heart of the rapidly evolving digital society. Billions of
people worldwide increasingly want the freedom to communicate, travel,
shop, bank, entertain and work - anytime, everywhere - in ways that are
enjoyable and safe. Gemalto delivers on their expanding needs for
personal mobile services, payment security, authenticated cloud access,
identity and privacy protection, eHealthcare and eGovernment efficiency,
convenient ticketing and dependable machine-to-machine (M2M)
Gemalto develops secure embedded software and secure products which we
design and personalize. Our platforms and services manage these secure
products, the confidential data they contain and the trusted end-user
services they enable. Our innovations offer more ways for our clients to
enhance the convenience and security of people's digital lives.
Gemalto thrives with the growing number of people using its solutions to
interact with the digital and wireless world.
For more information visit www.gemalto.com,
or follow @gemalto
on Twitter (News - Alert).
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