Telecom Italia and Intesa Sanpaolo announce initiative to boost mobile payment in Italy
Telecom Lead Europe: Telecom Italia and Intesa Sanpaolo have announced their initiative to boost mobile payment market in Italy.
This venture will create a national ecosystem for the mass take-up and use of NFC-based SIM card services.
Telecom Italia is offering its mobile payment services to financial players as a technological enabler, developing smartphone-based proximity payments without altering existing payment system chains.
In 2011, Intesa Sanpaolo used the Group’s Move and Pay platform to run a Mobile Proximity Payment pilot.
Starting with TIM customers, the Group is poised to roll out its Move and Pay application on a mass scale.
Move and Pay will become available via an App that will add more features to Intesa Sanpaolo’s mobile offering.
By the end of 2012, a pilot project will be launched in and around Milan, before being rolled out nationwide across Italy in early 2013.
Telecom Italia has assembled a SIM-based NFC services management architecture and platform for secure application delivery and management – including third-party applications – via its proprietary SIM cards.
This architecture guarantees full interoperability between technological solutions and services under GSMA standards, offering an open digital portfolio that can manage all cards from multiple service providers (including non-bank organizations) virtualized on a SIM card.
Intesa Sanpaolo and Setefi, the Group’s leading e-money company, manage NFC services via a proprietary platform that supports every stage of the process, from activation to after sales care, ensuring high standards of security and interoperability.
Setefi is also working to increase the number of retailers in Italy who accept contactless payments – the technology that allows people to pay for purchases simply by waving a card or mobile phone at checkout.
To foster integration between an increasing number of card issuers, and to allow card issuers to offer mobile payment services to their own customers who own a TIM SIM, Telecom Italia offers the option of direct interconnection with financial players or interconnection via third party hubs.