September 25, 2012 – Gemalto (Euronext NL0000400653 GTO), the world’s leader in digital security, today announced the expansion of its mobile payment software solution to include the Western Union Money Transfer® service. Gemalto’s LinqUs Mobile Payment Platform has been certified through Western Union’s Mobile Vendor Program to offer end users new options to send and receive money across borders with their mobile phone. This expanded solution is available now to operators and financial institutions worldwide to help them meet the growing demand for mobile remittance services. According to Informa Telecoms1, the number of users of mobile international money transfers is expected to increase tenfold by 2016, topping 304 million.
The expansion of its mobile payment software solution builds on Gemalto’s expertise in mobile security, integration capabilities and strong track record of 70 mobile financial services deployments across the world. With this added service, operators and financial institutions can leverage Western Union’s global network of approximately 510,000 agent locations in 200 countries and territories and facilitate Mobile Money Transfers after individually contracting with Western Union to offer the service.
“International remittances are critical to the livelihood of families and communities in many developing markets, and we’re aiming to make it available to all by building the bridge to the mobile device,” said Jean-Claude Deturche, Gemalto Senior Vice President Mobile Financial Services. “Working with Western Union means we can support our customers to effortlessly introduce convenient and reliable mobile money transfer services from virtually anywhere in the world.”
Gemalto’s best-in-class software solutions, innovative vision and unique security technology are at the heart of a wide range of Mobile Financial Services, including mobile banking, mobile payment, mobile money, and mobile NFC for proximity payments. Gemalto’s portfolio of software applications, secure devices and services is designed to provide service providers with an end-to-end approach to deploying new consumer services with secure and flexible access anytime, anywhere.
1 Informa telecoms & media Report 2011 (Dec): M-Commerce