The chief of smart card supplier and trusted service manager Gemalto is predicting a fast-growing market for TSM services and noted the services were already contributing to profit.
Gemalto CEO Olivier Piou, talking to financial analysts Thursday following the release of Gemalto’s fourth quarter and full-year 2011 results, said all major parties to NFC mobile-commerce rollouts are in the process of hiring TSMs.
“The size of the market is increasing tremendously,” said Piou, who added that Gemalto had earlier thought there would be only five to 10 TSM services operating globally. That view has changed radically.