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NFC at heart of Brazilian bank’s mobile payments plans

Brazilian banking group Bradesco is planning to roll out NFC mobile payments across Brazil by summer 2014, through a partnership with mobile operator Claro and technology provider Giesecke & Devrient. Under the plan, Brazilians will be able to use their smartphones to pay for their shopping. The project will begin in the state of São Paulo and will later be expanded to the rest of the country. G&D is supplying the SIM cards with secure storage for the payment software and the SmartTrust Portigo mobile wallet for smartphones, which will store the sensitive customer information such as debit card numbers and account details. It will also provide the trusted service manage tools to Bradesco and Claro, which will allow them to receive Bradesco account holders’ payment card information onto their devices in an encrypted form via Claro’s mobile network.

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