Gemalto deploys Secure Element based applet to accelerate the development of Mobile Payments on Wearables

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Amsterdam, April 15, 2016-Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, has provided a secure element based applet for smart wearables launched by China UnionPay Co. (CUP), one of the world's major payment associations ...

Amsterdam, April 15, 2016 - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, has provided a secure element based applet for smart wearables launched by China UnionPay Co. (CUP),  one of the world's major payment associations with total transactions reaching USD 1.9 trillion in the first quarter of 2015.

Smart wearable devices are gaining popularity globally, with total shipments expected to surpass 200 million in 2019[1]. CUP had launched smart wearables with embedded secure elements based payment applications last year. The payment applet runs on the secure element, to provide online and offline payment capabilities on wearables. This will eliminate the need for different card vendors to develop their own versions, simplifying deployment of payment applications on a wide range of secure elements and vastly improving time to market, for a new era of innovative wearables.

"Intelligent NFC-based wearable devices are set to disrupt our lives much beyond contactless payments - from user access and authentication to smart homes and cities, the possibilities are simply endless," said Suzanne Tong-Li, President for Greater China and Korea at Gemalto. "With extensive experience in NFC ecosystem and end-to-end security, we support CUP to not only simplify and speed up this launch for maximum outreach, but also provide consulting for next-generation solutions."

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2015 annual revenues of €3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 14,000+ employees operate out of 118 offices, 45 personalization and data centers, and 27 research and software development centers located in 52 countries.

For more information visit or follow @gemalto on Twitter.

Gemalto media contacts:

Philippe Benitez
North America
+1 512 257 3869
Peggy Edoire
Europe & CIS
+33 4 42 36 45 40
Vivian Liang
Greater China
+86 1059373046

Ernesto Haikewitsch
Latin America
+55 11 5105 9220

Kristel Teyras
Middle East & Africa
+33 1 55 01 57 89

Shintaro Suzuki
Asia Pacific
+65 6317 8266

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via Globenewswire


Source(s) : Gemalto

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