Visa has done deals with major mobile operators that would have the telcos preloading the Visa payWave application on their NFC SIMs, according to a representative of Visa Europe. The deals appear to be similar to the agreement Visa has with Samsung Electronics to preload payWave on embedded chips in Samsung NFC devices.
As with payWave on the embedded chips there would still need to be commercial agreements between payment issuers and mobile operators for the application to be hosted, personalized and activated on the telcos’SIMs.
“We are trying to remove some the complexity around TSM (trusted service management) and actually getting the application on the SIM and activating it,” said Mary Carol Harris, vice president for mobile strategic alliances, mobile, contactless and innovation strategy, for Visa Europe.
“We’ve done licenses with the most of the major MNOs (mobile network operators) to preload our application on SIM cards, and that application is actually activated for a bank by a piece of technology called the Visa mobile gateway”.
Source: nfctimes.com
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
