Cardtek and NXP Become Primary Technology Providers for empay National Mobile Wallet Service in Dubai
07 Junio 2017 - 7:00AM
Business Wire
Emcredit to Launch World’s First National
Payment Service for “Active” Wearables to Align with the Dubai
Smart Government (DSG) Initiative
Cardtek, a leading global payment technologies provider, today
announced that it is collaborating with NXP Semiconductors to
deliver the first nationally sanctioned mobile wallet solution for
the United Arab Emirates. Emcredit, a fully owned subsidiary of the
Dubai Economy, will launch empay, a secure mobile payment
platform that offers all United Arab Emirates residents the ability
to easily pay for a wide variety of goods and services using smart
wearable technology or multifunctional devices.
Cardtek will provide the payment infrastructure, mobile industry
knowledge, operational services and product enhancements to support
the empay platform. NXP will manufacture and provide the NFC
controller and secure element (SE) necessary to allow UAE consumers
to utilize the service on wearable devices.
“empay will stand as a significant benchmark in the
marriage between payments and wearables, and offer a blueprint for
how an entire nation can securely modernize its payment processes –
from retail and transit, to ticketing and government services,”
said Ayşe Sarıg�llü, Executive Chairwoman of Cardtek. “For the
first time, consumers will have an integrated platform that offers
quick access to a number of retail and service options directly
from a wearable device, without being tethered to a particular
phone manufacturer, telephone company, or third-party
provider.”
As a part of the Dubai Government Smart initiative, empay
will bring together a number of service providers – including
banks, government departments, retailers, educational institutions,
and transportation companies – into a common platform where
consumers are easily able to access and pay for services from a
single mobile wallet. empay will ultimately enable UAE
consumers to make retail payments, initiate money transfers, and
pay for government utilities – like telecommunication and school
fees – all from a single mobile wallet using either an “active”
wearable or another multifunctional mobile device.
“Active” wearables include a battery and a Bluetooth Low Energy
(BLE) connection, in addition to a NFC interface. This allows
communication to the cloud via a mobile phone or “companion device”
- enabling multiple applications to be dynamically and Over The Air
(OTA) provisioned on the wearable device. This technology results
in the richest possible user experience, where the consumer is able
to virtualize all of their personal contactless cards on their
wearable device.
“As co-founder of NFC technology and expert in security
solutions, NXP is committed to providing secure, convenient and
scalable solutions to enable tap-to-pay experiences for mobile
devices and wearables alike,” said Jean-Claude Denniel, Marketing
Manager for the Secure Transactions and Identification business at
NXP. “empay is a fantastic example of multi-service
implementation on a wearable device platform that is easy to
implement and service for the provider and most intuitive to use
for the consumer.”
“We are extremely excited about this partnership with NXP
semiconductors and Cardtek for payments through wearables,” said
Muna Al Qassab, the CEO of Emcredit Limited. “Through the
empay initiative, we aim to offer UAE citizens a radically
improved payment experience. This turn key solution will allow
empay consumers to enjoy the convenience of accessing their
mobile wallet on the go - simplifying the entire payment journey
with hands-free convenience.”
About Cardtek:Since 2001, Cardtek has provided innovative
end-to-end payment solutions to more than 150 customers in 25
countries, including financial institutions, processors, telecom
operators, personalization bureaus, retailers, terminal and card
vendors, and public transportation authorities. Cardtek is a
leading player in emerging mobile payment, open-loop transit and
wearable payment technologies. With 15 years of experience in EMV,
Cardtek is offering well-established solutions to the US market
from its new Silicon Valley Office. For more information, visit
http://www.cardtek.com.
About NXP:NXP Semiconductors N.V. (NASDAQ:NXPI) enables
secure connections and infrastructure for a smarter world,
advancing solutions that make lives easier, better and safer. As
the world leader in secure connectivity solutions for embedded
applications, NXP is driving innovation in the secure connected
vehicle, end-to-end security & privacy and smart connected
solutions markets. Built on more than 60 years of combined
experience and expertise, the company has 31,000 employees in more
than 33 countries and posted revenue of $9.5 billion in 2016. Find
out more at www.nxp.com.
About Emcredit:Emcredit is the UAE’s pioneer credit
information company created by the Dubai Department of Economic
Development (DED). It was established to provide public and private
entities with enterprise and credit information solutions, credit
information reports, data verification, data enrichment, decision
support analytics and other tools necessary to improve customer
acquisition, assessment, servicing, debt collection and portfolio
management. Emcredit has also established data-sharing agreements
with several government departments, to power its information
solutions. These government entities include Dubai e-Government,
Dubai Police, Department of Economic Development (DED), Dubai Land
Department and its subsidiary, the Real Estate Regulatory
Authority.
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Tailwind PRPete Bahrenburg, 802-497-1932pete@tailwindpr.com
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