Telecom Lead America: Gemalto, a provider of digital
security, has been selected as the technology provider for Transfer, a service
offered by the joint venture between America Movil/Telcel, Citibank’s Mexican
unit Banamex and Banco Inbursa.
This service enables financial transactions in real time,
24 hours a day, from a mobile device through SMS messaging.
The service will turn the mobile phone into an innovative
and efficient payment instrument for carrying out transfers and air time
purchasing, among other operations.
Transfer benefits from Gemalto’s solid global experience
in both the banking and telecommunications sectors, holding a large number of
mobile financial services programs worldwide. This major project strengthens
the relationship with America Movil, Banamex-Citigroup and Inbursa for the
development of mobile financial services across the region,” said Rodrigo
Serna, VP Telecommunications of Gemalto Latin America.
Transfer is based on Gemalto’s LinqUs mobile payment
platform, which ensures that customers will be able to use their mobile
accounts safely through different channels.
Transfer is a service that arises from the combination
of two highly technologically sophisticated systems, with a large coverage:
banking and telecommunications. The great potential of Transfer is present not
only in Mexico, but also in the rest of Latin America where, together, we have
around 240 million customers,” said Daniel Hajj Aboumrad, CEO of America Movil.
The platform integrates in accordance with the financial
and telecommunication industries standards allowing the users to perform
transactions like transfers, air time purchasing and cash withdrawal from the
convenience of their mobile phones.
Al Rajhi Bank Saudi Arabia taps Gemalto issues 15,000 cards per
day
Recently, Gemalto announced that Al Rajhi Bank, a
financial institution in Saudi Arabia, has completed the main phase of
the Dexxis Instant Issuance deployment program for on-the-spot EMV
card delivery.
The company said that nationwide more than 500 branches
were equipped during the main phase of the deployment and over 15,000 cards
issued daily.
