Telenor Wallet Reveals Tap-and-Pay Functionality

Telenor Wallet Reveals Tap-and-Pay Functionality
11.05.2017 07:30 am

Telenor Wallet Reveals Tap-and-Pay Functionality

E-Wallets

Telenor Hungary has announced the launch of new tap-and-pay functionality in its Telenor Wallet application. 

The service, developed and operated by internationally renowned mobile transaction solutions provider Cellum, has thus become the world’s first telco-offered converged wallet with fifteen remote and proximity payment functions in one app.

The new tap-and-pay functionality makes Telenor Wallet a truly 360° digital wallet, covering almost any payment scenarios that consumers might find themselves in. Launched in late 2014, the service already represented major milestones in mobile payment services when it introduced support for MasterPass™, making it the world’s first carrier-owned wallet to support Mastercard’s global payment network. The app also features an in-app marketplace for food delivery, entertainment ticketing and purchasing Telenor accessories.

Telenor Wallet’s NFC functionality uses special SIM cards to secure card data, and works with purpose-made bank cards issued by Budapest Bank under the brand “Telenor MobilPass”. Android users can initiate the onboarding process inside the application. Once the onboarding process is complete, the bank card is installed automatically and the user can pay at any PayPass-compatible terminal around the world. Thanks to the SIM-based technology, payments can be made even when the phone is turned off.

Telenor Wallet is based on the Cellum Mobile Next platform, a market-tested and fraud-proof technology that Cellum is currently rolling out in the APAC region.

Related News

IXOPAY and Finrax Take the CRYPTIC out of CRYPTO

The payment management platform IXOPAY is now connected to Finrax, an exchange and wallet provider for cryptocurrencies. eMerchants connected to the IXOPAY software platform... Read more »

Amadeus and Troovo partner to automate B2B travel payments

The integration of Troovo’s advanced Robotic Process Automation (RPA) engine with Amadeus’ B2B Wallet means the entire virtual payment flow... Read more »

Zumo Rolls out Payment and Exchange Cryptocurrency App for Mass Market

Zumo, an Edinburgh-based mobile wallet and payments start-up backed by Coldplay bassist Guy Berryman, has launched an app that stores, sends and allows consumers to spend and... Read more »

Moorwand inks deal with TWIGA Wallet for new card offering

Moorwand, which aims to transform compliance into an enabler of innovation, has been... Read more »

SatchelPay Partners with AMLYZE for Compliance Assurance and Security Boost

Lithuanian EMI SatchelPay has announced a partnership with AMLYZE, a financial crime prevention platform also based out of Lithuania, aimed at proactively dealing with... Read more »

European Mobile Wallets Market to Reach $111.4bn Value by 2023

The global payment industry has gone through a massive change over the past decade, with more and more people utilizing the benefits of innovative financial technologies. The... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel