Telecom Lead Asia: CorFire, the mobile commerce business of SK C&C USA, is providing mobile wallet capabilities to Vodafone Group.
Vodafone’s customers can now use their smartphones to conduct a number of transactions, including paying for goods and services at the point of sale, during 2013.
CorFire’s mobile wallet solution, CorPay, helps Vodafone achieve its goal of eliminating the need for physical wallets by delivering customers with comprehensive digital mobile wallet solutions.
“Vodafone’s customer base spans across more than 30 countries, which means our partnership may become one of the biggest, global implementations of NFC and mobile commerce,” said Dr. Jae Chung, CorFire’s president and CEO.
CorPay, which works in NFC and non-NFC environments, can leverage the Secure Element if present to encrypt and store personal account information. The solution also relies on a full client/server architecture that allows the support of scenarios such as phone change and SIM switching.
“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,” Wirtz added.