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Technology Stocks : Gemalto N.V.
GTOMY 28.11+3.7%Oct 15 5:00 PM EST

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From: JakeStraw9/25/2014 9:45:43 AM
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China Mobile and Gemalto deploy NFC transport in Beijing
gemalto.com

Gemalto, the world leader in digital security, has been selected by China Mobile to offer its UpTeq NFC Multi-tenant SIMs to protect consumer credentials used for mobile contactless applications, starting with mass transit services in Beijing. China Mobile is the largest operator in the world with a total subscriber base of close to 800 million. Gemalto pre-loads the SIMs with the Beijing transport application and enables over 22 million daily commuters in the city to ride buses and the metro by simply tapping their smartphones on the contactless ticket reader.

Beijing commuters are demanding convenient and fast solutions to navigate the crowded transport system in one of the most populated cities in the world. China's payment systems are already moving rapidly towards contactless form, with over 3.6 million terminals accepting UnionPay's contactless QuickPass. And with around three times more mobile phones than there are payment cards, there are huge potentials for millions of commuters to enjoy the speed and convenience of contactless transactions.
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