Telenor Hungary has announced the launch of new tap-and-pay functionality in its Telenor Wallet application, according to a press release.

Telenor said in the announcement that its wallet is the first telco-offered converged wallet with fifteen remote and proximity payment functions in one app.

The company launched the wallet in late 2014 with Masterpass integration, according to the announcement. The wallet 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 app. Once the process is complete, the bankcard is installed automatically and the user can pay at any MasterCard PayPass-compatible terminal worldwide.