UL, a payment security and compliance company, this week announced that it is assisting two Dutch companies with the planned rollout of an NFC-based mobile payments system.

KPN, the largest Dutch mobile network operator, and Rabobank, a major issuing bank in the Netherlands, have announed Rabo wallet, which enables users to download their digital bank card to KPN's NFC "SIM-kaart." The Rabo Wallet, in addition to being a mobile payment app, offers client cards, membership cards and vouchers. 

RoboWallet is compatbile with any smartphone that runs on Android version 4.4 or higher. 

"We are excited that KPN and Rabobank announced their cooperation today on this mobile payment service," said Amos Kater, director advisory and education services of EMEA at UL's Transaction Security division. "We are delighted that UL's in-depth expertise contributes to realize this innovation and are confident the Dutch consumer will be enthusiastic to start using this service. This joint cooperation between KPN and Rabobank is an outstanding achievement."