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Europe's Largest Foray into Contactless Payments...

The German Banking Industry Committee (Deutsche Kreditwirtschaft) launched a new contactless payment product, which Finextra reports is Europe’s largest trial of contactless payments to date.

Called “girogo,” the new product will offer a contactless payment option to more than 1.3 million European consumers at a variety of retail locations and gas stations. Infineon Technologies is providing the chip to make contactless payments possible.

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