|[January 22, 2014]
Gemalto UpTeq Multi-tenant SIM powers first NFC payment in Ukraine
AMSTERDAM --(Business Wire)--
Gemalto (News - Alert) (Euronext NL0000400653 GTO), the world leader in digital
security, has supplied its UpTeq Multi-tenant SIM embedded
software and product to Kyivstar, the leading Ukranian mobile operator,
supporting the country's first ever contactless payment via a mobile
phone. Working in conjunction with Kyivstar, Alfa Bank's pilot paves the
way for a full commercial launch of NFC
mobile payments across Ukraine. Kyivstar is the Ukrainian business
unit of VimpelCom Ltd, with a total customer base of over 25 million
This first introduction of mobile payments in the country will put new
standards of convenience within reach of millions of Kyivstar
subscribers. Gemalto's proven UpTeq Multi-tenant SIM will
enable payment for a host of goods and services with nothing more than
the tap of a smartphone. The UpTeq SIM design incorporates a
unique multi-tenant architecture that facilitates simple and fast
on-boarding of new service providers to create a compelling value
proposition for mobile operators, banks, transit and loyalty schemes. At
present there are an estimated 22,000 contactless payment terminals in
Ukraine. Eliminating the need to fumble for the right cash or card, the
ground-breaking service from Kyivstar and Alfa Bank will mean Ukrainians
can look forward to less stress and shorter queues when paying at shops
throughout the country.
"Kyivstar is committed to delivering an outstanding mobile payment
experience," said Alexey Kireev, Head of New Business Department at
Kyivstar. Our goal is to continue developing mobile finance products
at Kyivstar extensively in 2014. We are glad to be working with one of
the world's most trusted partners for NFC."
"NFC technology virtually transforms a smartphone into a fully
functional 'mobile purse', which offers Alfa-Bank customers a trendy,
ubiquitous payment method," noted Piotr Kaczmarek, Director of
Retail Business, Alfa-Bank (Ukraine). ��And you may use it anywhere
you come across a contactless payment terminal."
"By leveraging Gemalto's NFC technology, Kyivstar and Alfa Bank are
pioneering a revolution in the way Ukrainians will pay for goods and
services in the years ahead," added Philippe Cambriel, Gemalto
President for Europe, Mediterranean and CIS. "With the boom in
contactless equipment at the point of sale in the country, this is the
perfect timing for mobile payment introduction."
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital
security with 2012 annual revenues of �2.2 billion and more than
10,000 employees operating out of 83 offices and 13 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. We develop secure embedded software and secure products
which we design and personalize. Our platforms and services manage these
products, the confidential data they contain and the trusted end-user
services made possible.
Our innovations enable our clients to offer trusted and convenient
digital services to billions of individuals. 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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