Vodafone plans to launch Mobile wallet for all markets

corpay vodafone

corpay vodafoneStarting 2013, you will be seeing a very serious contender in the mobile space taking on the mobile wallet scene. Vodafone which commands 30 countries coverage in 5 continents has already made up it’s mind on NFC(Near Field Communications) driven mobile wallet to be used for transactions and Point of sale paying for goods and services. This will mean reaching over 400 million customers spread out on 50 partner networks in all continents.

“We are committed to partnering with the best suppliers to offer customers the speed, simplicity and convenience of managing everyday transactions with a single wave or tap of their smartphones,” said Christian Wirtz, Vodafone Group’s mCommerce Director. “The consumer benefits of contactless payments are obvious and the industry in Europe is now at the beginning of rolling out a contactless infrastructure. The potential of mobile to transform existing industries – such as financial services, retail and transport- is enormous.”

Vodafone will use CorFire’s mobile wallet solution CorPay which works in NFC and non-NFC environments will use Secure Element if present to encrypt and store personal data. CorPay os a client/server architecture that allows support of phone change and SIM switching