Gemalto wins role as TSM for Singapore's national NFC services
Digital security provider Gemalto announced it has been selected by the Infocomm Development Authority (IDA) of Singapore, the regulatory body that oversees "infocomm" in Singapore, as the trusted third party (TTP) to deploy mobile NFC contactless services for that country.
According to Gemalto's announcement, the company will develop and operate its Trusted Services Manager (TSM) solution to handle the deployment and management of secure mobile NFC services for payments, ticketing, loyalty and other wireless services.
"Gemalto is delighted to lead this landmark project. We believe that businesses will benefit from new revenue streams while consumers enjoy a greater array of new services - faster, safer and more conveniently," said Tan Teck Lee, President of Gemalto Asia, in a statement.
The announcement said that due to the cooperation of Singapore's three mobile operators in the an open, secure NFC infrastructure, other companies such as banks and service providers will be able to deploy their services to all mobile subscribers encouraging widespread participation.
"The TTP infrastructure will enable prospective service providers to reach out to all mobile subscribers in Singapore," said said IDA CEO Ronnie Tay in the announcement. "Such ubiquitous access will spur the growth and adoption of innovative NFC mobile services, and in turn transform Singapore’s payment landscape."
Tay said the announcement is an important milestone in the development of the NFC ecosystem that will enable the deployment of payment as well as other services.
The project is expected to launch commercially to consumers from middle of 2012.
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