If Giesecke & Devrient get their way, soon we will be able to say goodbye to our trusty wallets and simply leave the house with our smartphone in hand. The Germany-based company is planning to introduce a mobile wallet that will allow its users not only to pay with their mobile, but also to use it as an access key to buildings and vehicles, as a public transport ticket and even as an ID card.
“Users will find that SmartTrust Portigo, the electronic wallet solution we are launching, is an easy-to-use app,” says Dr. Klaus Vedder, Group Senior Vice President at Giesecke & Devrient. “At the same time, it opens up a wide range of new opportunities for mobile network operators, banks, and other service providers to develop new mobile services as part of their individual brand strategies.”
The revolutionary SmartTrust Portigo runs on the user’s mobile phone and interacts with a secure hardware element such as the SIM card. Wallet Client will be compatible with all common smartphone operating systems (Windows Phone, iOS from Apple, Android, and Blackberry). Service providers develop widgets and supply them to the Wallet Issuer for deployment using the network-based Wallet Manager. Downloaded widgets can be flexibly updated, added, and blocked via the mobile network. The Software Development Kit (SDK) for widgets gives service providers the means of developing new wallet functions and delivering them to users.
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