Amsterdam, June 7, 2018 - NXP Semiconductors (Nasdaq: NXPI), MasterCard (NYSE: MA) and Visa today announced the launch of the new service mWallet 2GO, which is a The white label wallet service developed on Pu's secure Service2GO platform. With this new service, NXP is the first in the industry to launch a comprehensive mobile wallet development solution that includes leading hardware technologies, peripheral software and ecosystem integration. This payment solution is designed to simplify development, reduce costs and reduce the time it takes for OEMs (original equipment manufacturers) to add mobile payment capabilities to any wearable, mobile or IoT (Internet of Things) device.
Montblanc, the German manufacturer of luxury writing instruments, watches, jewellery and leather products, is the first to launch a mobile wallet solution based on mWallet 2GO on the TWIN smart watchband.
Montblanc's new technology director, Dr. Felix Obschonka, said: “Montblanc's precision and craft tradition has continued in the TWIN smart strap. In this new and stylish smart strap, we combine high-end materials with advanced technology for our customers' love. Watches add convenient and secure payment features that allow them to handle the electronic use situation while enjoying the fashion and convenience."
Rafael Sotomayor, senior vice president of NXP's Secure Transaction and Identity Solutions, said: "mWallet 2GO extends our market-leading chip products to comprehensive mobile payment services and system solutions. This is another proof after the launch of MIFARE 2GO. NXP is at the forefront of transforming the entire ecosystem. The company's continued success in mobile payment applications around the world further confirms NXP's market position and paves the way for exciting new secure payment devices to the market."
This is the first true end-to-end solution that integrates NXP's advanced technologies, including Near Field Communication (NFC), Security Unit (SE), NFC Middleware, SE JavaCard Operating System, SE Applications, SEMS (Security) Unit Management Service), Wallet Application and Software Developer's Kit (SDK), Wallet Server and MDES (MasterCard Digital Support Service) and VTS (Visa Token Service) Token Platform, providing OEMs with pre-certified and system-proven Overall solution.
Paolo BatTIston, Executive Vice President, Digital Payments and Labs, MasterCard Europe, said, "We are very pleased that NXP is our newest partner in connected consumer electronics, which will make each shopper more simple, secure and convenient to pay. Ways and support for issuing banks to provide more differentiated products and services. Through cooperation with NXP, MasterCard provides a simple and optimized method to ensure security with NXP Loader Service, and we expect mWallet 2GO to also Get favored."
Matt Dill, senior vice president of global products and solutions at Visa, said, "As the business environment expands from PCs, smartphones and tablets to connection endpoints of varying shapes and sizes, having a partner network and the right technology has become available. The foundation of a great experience. Thanks to NXP's efforts, consumers will eventually get more payment methods and be able to pay quickly, safely and conveniently in their daily lives."
The NXP Security Service2GO platform incubates a number of security services. Launched in February 2018, MIFARE 2GO will move MIFARE-based digital traffic certificate management to IoT devices. Supported by the Las Vegas Monorail commuter system and fully integrated into Google Pay, the security service is open to more than 2 billion Android active users. As the first wholesale service, mWallet 2GO and MIFARE 2GO showcased the company's commitment to surpassing silicon solutions and turning to a fully integrated service and platform as a business model. End-to-end solutions connect service providers with IoT OEMs, enabling them to accelerate innovation and deliver superior cloud-node security and scalability.
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