Gemalto UpTeq Multi-tenant SIM powers NFC payment in Ukraine

Wednesday 22 January 2014 11:50 CET | News

Dutch digital security company Gemalto has supplied its UpTeq Multi-tenant SIM embedded software and product to Ukrainian mobile operator Kyivstar, supporting Ukraine’s introduction of contactless payment via a mobile phone.

Working in conjunction with Kyivstar, financial institution Alfa Bank’s pilot paves the way for a full commercial launch of NFC mobile payments across Ukraine. Kyivstar is the Ukrainian business unit of VimpelCom, with a total customer base of approximately 25 million subscribers.

Gemalto’s proven UpTeq Multi-tenant SIM is set to enable payment for a host of goods and services with the tap of a smartphone. At present there are an estimated 22,000 contactless payment terminals in Ukraine.

In recent news, Kyivstar has partnered with financial institution Alfa-Bank to launch an NFC payment service in 2014.

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Keywords: Gemalto, Kyivstar, Alfa Bank, UpTeq, Multi-tenant, SIM, NFC payment, contactless payment, mobile phone, mobile payment, Ukraine
Categories: Payments & Commerce
Countries: World
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