Russia’s largest bank, Sberbank, said it plans to launch NFC-mobile payments with host-card emulation this fall, the first major bank to disclose plans for an HCE launch.
A representative of the bank told NFC Times it plans to launch HCE first with a Visa payWave application and would likely follow with MasterCard PayPass.
If the bank makes good on the plans, it could boost HCE technology, which, while gaining the endorsement of both Visa and MasterCard Worldwide and enjoying growing interest among financial institutions globally, still lacks maturity and hasn’t yet been rolled out commercially.