Vodafone Said to Reach Five-Year Mobile Wallet Deal With Gemalto
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Vodafone Group Plc has reached a deal to use smart-chip maker Gemalto NV’s technology to manage a new mobile-phone payment product set for release next year, two people familiar with the plan said.
The agreement is for five years, said the people, who asked not to be identified ahead of a planned announcement as early as next week. Officials at Vodafone and Gemalto declined to comment. The pact was reported by the Wall Street Journal today.