Gemalto’s Solution for Mobile Financial Services deployed by Telecom Italia

  Gemalto’s Solution for Mobile Financial Services deployed by Telecom Italia

  A complete portfolio of mobile financial services ranging from on-line to
  proximity payments with NFC applications and TSM services, with easy user
                 access all done from a single mobile wallet

Business Wire

AMSTERDAM -- November 27, 2012

Regulatory News:

Gemalto (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, 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 management.

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 conferences.

Gemalto, together with its system integration partner Hewlett-Packard 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 untapped
demographics such as the under-banked and teenage population.

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 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.

About Gemalto

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) applications.

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, www.justaskgemalto.com,
blog.gemalto.com, or follow @gemalto on Twitter.

Contact:

Gemalto
Peggy Edoire, +33 4 42 36 45 40
Europe, Middle East & Africa
peggy.edoire@gemalto.com
or
Ernesto Haikewitsch, +55 11 51 05 92 20
Latin America
ernesto.haikewitsch@gemalto.com
or
Nicole Smith, +1 512-758-8921
North America
nicole.smith@gemalto.com
or
Yvonne Lim, +65 6317 3730
Asia Pacific
yvonne.lim@gemalto.com
 
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