Updated: Deutsche Telekom Launches Long-Awaited NFC-Payments Service

May 7 2014

Germany’s Deutsche Telekom today launched its much-anticipated–and also much-delayed–NFC-mobile wallet, which features its own branded prepaid mobile-payments application that will anchor a promised mobile-commerce platform.

Unlike most other telcos introducing their own prepaid payments services on NFC SIM cards, such as Vodafone and Orange, Deutsche Telekom will issue its own payments application. For this, it will use its wholly owned online payments unit, ClickandBuy, which has an e-money license in Europe. The applet running on the telco’s SIMs will support MasterCard PayPass.

In addition, Deutsche Telekom today said its Slovak Telekom branch in Slovakia would launch NFC payments later this month and its Magyar Telekom unit in Hungary would introduce an NFC wallet later this year. Deutsche Telekom owns majority shares in both these mobile operators, which are the largest telcos in their respective markets. 

In Germany, the telco’s PayPass application will anchor its MyWallet Android app, which Deutsche Telekom has said will be a platform that will eventually deliver coupons, offers and other mobile-commerce services to consumers, along with such applications as transit and entertainment venue ticketing and government ID.

Words: 

1,300 

Among Topics Covered:

  • Launch plans by Deutsche Telekom of NFC-enabled MyWallet and prepaid payment application
  • Deutsche Telekom’s SIM-based PayPass prepaid applet and issuing strategy and partnership with MasterCard
  • Telco’s business model behind launch of wallet, prepaid application and mobile-commerce platform
  • Plans by Deutsche Telekom to support applications from other service providers
  • Situation for contactless point-of-sale terminals in Germany and Deutsche Telekom’s program to support terminal deployment
  • Reasons for delay in launch of MyWallet, according to Deutsche Telekom sources
  • NFC SIMs and Android smartphones available for launch
  • Deutsche Telekom's view on host-card emulation

This is premium content from NFC Times. 

Read Full Article

© NFC Times and Forthwrite Media. NFC Times content is for individual use and cannot be copied or distributed without the express permission of the publisher.

HEADLINE NEWS

Payments Wearables in 2017: Market Makes Progress but Continues to Move Slowly

Dec 20 2017

NFC TIMES Exclusive Insight – While major smartwatch makers are enabling payments from their high-end devices, and there might be an announcement of another major wearables maker supporting payments at next month’s CES trade event, progress is slow for the technology to move to the range of lower-end smartwatches, fitness bands and such passive devices as rings, fobs and bracelets.

French Aerospace and Defense Group Thales Outbids Atos for Gemalto; Would Create Global Digital Security Unit

NFC TIMES Exclusive Insight – Less than a week after Gemalto’s board unanimously rejected an acquisition offer from France-based IT and consulting group Atos, complaining that Atos’ bid at €46 (US$54.18) per share “significantly undervalued the company” and that Gemalto is “best positioned to grow successfully on a standalone basis,” the board has publicly changed course and has unanimously approved a takeover offer from France-based Thales that is only 11% higher.

Mastercard Announces Plans to Enable QR Code-Based Payments in Taiwan

NFC TIMES Exclusive Insight – Mastercard has announced it will support QR code-based payments in Taiwan starting next year, working with the country’s largest credit card acquirer and processor and also Taiwan’s nascent domestic debit card network.

Samsung Pay Launches Octopus in Hong Kong, with Samsung's Latest Flagships Supporting FeliCa Technology

NFC TIMES Exclusive Insight – In the race among the major Pays wallets to add NFC transit ticketing to their mobile payments services, Samsung scored a win over Apple, with today’s launch of “Smart Octopus” with Samsung Pay.

Gemalto Rejects Proposed Atos €4.3 Billion Takeover; Contends Bid Price 'Significantly Undervalues' Company

NFC TIMES Exclusive Insight – The board of struggling French smart card and security vendor Gemalto has rejected an all-cash €4.3 billion (US$5.08 billion) takeover bid by France-based IT services and consulting company Atos, calling Atos’ €46-per-share bid “opportunistic,” and contending that it “significantly undervalues” the company, among other objections.

In-Depth: Atos Offers €4.3 Billion to Acquire Struggling French Vendor Gemalto

Dec 14 2017

NFC TIMES Exclusive Insight – French IT services group Atos hopes to bolster its cybersecurity, IoT and payments offers with its €4.3 billion (US$5.07 billion) unsolicited bid to buy struggling France-based smart card and digital security vendor Gemalto.

Mastercard Quietly Certifies First Data and PayPal to Tokenize Mastercard-Branded Cards

NFC TIMES Exclusive – Mastercard has opened up tokenization of Mastercard-branded card accounts to two other major payments industry players, First Data and PayPal, enabling them to tokenize Mastercard-branded cards for mobile and other digital payments services as an alternative to Mastercard’s own token service, MDES, NFC Times has learned.

Apple Launches P2P Payments Featuring Own Digital Payment Card; Should Banks Worry?

NFC TIMES Exclusive Insight – A key part of Apple’s new Apple Pay Cash peer-to-peer payments service is its digital prepaid debit card–which can be used for in-store NFC purchases and other transactions–a first for the tech giant.

Target Shuns NFC and Apple Pay as Expected with New Wallet; Service Features Private-Label Card

NFC TIMES Exclusive Insight – Target has added its long-anticipated 2-D bar code-based wallet to its mobile app, following rival Wal-Mart Stores in launching its own payments service and shunning NFC and contactless, as expected.

Belgian Domestic Debit Network Seeks to Expand Use of Mobile Payments, Though Consumer Habits Hard to Break

Dec 1 2017

NFC TIMES Exclusive Insight – Belgium’s domestic debit network Bancontact is offering both QR code and NFC-based mobile payments services with 20 banks in the country, as backers seek to expand use by consumers of mobile and contactless payments, which each make up only around 1% of total Bancontact transactions.

Korean and Taiwanese Banks Test Loyalty Points Exchange Using Blockchain

NFC TIMES Exclusive Insight – KEB Hana Bank of South Korea and Taishin International Bank of Taiwan have demonstrated the transfer of bonus points and purchase of coupons using Blockchain technology, with KEB Hana Bank planning to launch initial service for visitors to the Winter Olympics next February in Pyeongchang, South Korea.

Norwegian Banks Move to Defend Against Global Tech Giants by Uniting Payments Services

NFC TIMES Exclusive Insight –  The “Pays” wallets, such as Apple Pay and Android Pay, have not yet launched in Norway, but Norwegian banks are not waiting for tech giants Apple and Google or other outside behemoths, such as Facebook, to try to gain a foothold.