Gemalto CEO Predicts Substantial TSM Revenue in 2014; Agrees Mobile Payments Will Take Time

Gemalto CEO Olivier Piou predicted the France-based vendor would begin to see substantial recurring revenue from its trusted service management business starting in 2014 as mobile payment starts to roll out globally over the next three to five years.

Piou, speaking to financial analysts today following release of the France-based smart card and software provider’s third quarter results, said the vendor’s TSM business was already contributing to revenue, but mobile payments would not be “massive” until after 2013.

He agreed that it would take three to five years before mobile payments at the physical point of sale goes mainstream.

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