Munich-based Giesecke & Devrient (G&D) is providing Commonwealth Bank of Australia (CBA) with a software platform to enable contactless payments with the Samsung Galaxy S4.
CBA’s customers will be able to make MasterCard and Paypass payment at over 220,000 contactless terminals in Australia – and at a further 1.6m sales outlets worldwide – by holding their Samsung Galaxy S4 smartphone against the payment terminal.
Go deeper with GlobalData
Uli Klink, managing director at Giesecke & Devrient Australasia said: "After the success achieved with our first mobile payment project for the iPhone 4 and iPhone 4S in 2012, CBA is again relying on our expertise in this field.
"By deploying the technology in another flagship smartphone, CBA is enabling an even larger number of its customers to make cashless payments by mobile phone".
The payment app is safely stored on a secure element in the smartphone and G&D’s task is to manage the whole payment app, from personalisation to the deletion of personal data.
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 GlobalDataRelated articles:
HotwirePE introduces first Bitcoin bank in Australia
Australia’s MYOB to launch new mobile payments solution
CBA teams up with MasterCard and Samsung for NFC Payments in Australia
