Russia: Sberbank pilots NFC payments

Wednesday 21 May 2014 10:41 CET | News

Russia’s financial institution Sberbank has begun piloting NFC payments in Moscow using embedded secure elements. It will follow the trial with a service using host card emulation (HCE) later this year.

The bank is set to test its HCE service in the summer ahead of a wider roll-out and plans to use Sequent Software’s recently launched cloud-based digital issuance solution to power the service.

Currently, the bank is in the process of defining the service that will be based on the Sequent technology. Additionally, the financial institution added that will be a mobile wallet supported by them and, most likely, will allow cards from other banks.

In July 2013, Russian internet company Yandex and Sberbank completed their joint venture for electronic money solutions.

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Keywords: Russia, Sberbank, pilot, NFC payments, payments , mobile payments, HCE payments
Categories: Payments & Commerce
Countries: World
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