Oberthur Supports Mobile Payments Future In The Nordics

Oberthur Technologies (OT) is partnering with payments service provider Nets to deliver support for mobile payments to Scandinavian banks.

The collaboration, announced on Thursday (Oct. 6), is aimed at helping to service banks in the Nordics with a financial platform that supports future international mobile payment methods.

Nets and OT will combine their capabilities to offer an end-to-end mobile payment solution, which will include Host Card Emulation (HCE) and tokenization to secure payments.

“By adding OT’s Digital Enablement platform to our interoperable and modular platform, Nets will further increase our customers’ capabilities to seamlessly enable international mobile payment means, such as e.g. Samsung Pay for their customers. Once banks have finalized their commercial agreements with international mobile payment systems, Nets will be there to secure immediate enablement of these new payment means, on demand, through their mobile wallet solutions. For banks already integrated with Nets, this will be an off-the-shelf service,” Hans Henrik Hoffmeyer, SVP of mobile services for Nets, said in a statement.

According to OT, the firm already has existing partnerships and connections with digital wallet providers, which will enable payment cards to be digitized from the moment the cardholder is enrolled in order to secure provisioning services. The new partnership between OT and Nets will bring what the companies describe as a fully integrated service to participating financial institutions.

Eric Duforest, managing director of the Financial Services Institutions business at OT, added:

“We are very proud to partner with Nets to help enable international mobile payment systems for Northern European banks. We are convinced that mobile payments will be adopted by consumers thanks to solutions enabling real-time card enrollment and provisioning. Nets is well-positioned in respect of processing services in Northern Europe, which will allow fast integration of banks. Nets’ choice to work with us is a recognition of our leadership and expertise in enabling mobile payment initiatives all around the world.”