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Gemalto partners with Latin American processor to bring mobile payments to Mexico

Prosa has operations in eight Latin American countries and will provide mobile payment services to its customers, who comprise 95 percent of credit, debit and prepaid card issuers in Mexico.

Gemalto Thursday announced a partnership with Prosa, a payment processor in Latin America, to bring mobile payment services to  Mexico, according to a press release.

Prosa has operations in eight Latin American countries and will provide mobile payment services to all of its customers, who comprise 95 percent of credit, debit and prepaid card issuers in Mexico, according to the announcement.

Prosa will use Gemalto's Allynis Trusted Service Hub, which enables new customer onboarding and allows banks to swiftly launch their own NFC mobile payment wallets using host card emulation. Another important feature of Gemalto's service is its ability to provision payment wallets from device manufacturers and mobile network operators as they launch in Mexico, according to the announcement.

"Smartphones account for nearly 60 percent of mobile connections in Mexico and the country is experiencing major growth in the number of NFC-enabled POS terminals deployed at retail outlets and banks," said Prosa General Manager José Molina. "Gemalto's [service] provided us with a full turnkey solution that allows our banking partners to plug into the NFC infrastructure and roll out easy, secure mobile payment services to their customers, while benefiting from the cost efficiency and scale a world-class processor like Prosa can provide."