The Netherlands' Rabobank and Giesecke & Devrient will launch a mobile payment solution next year that lets customers pay using NFC-enabled smartphones at stores equipped with contactless point-of-sale terminals.

Rabobank customers who want the service will apply for a mobile payment card online, according to a news release, and will receive the card directly on their smartphone. G&D is supplying Rabobank with its Trusted Service Manager solution as a managed service.

Rabobank had been part of a mobile wallet consortium known as the "Sixpack" with banks and telcos, but the parties agreed to disband last summer. After initially working with other banks on a contactless pilot project, Rabobank has now opted to go on its own.

"We see a steep increase in the use of smartphones for payments in the Netherlands," Jeroen Verrijdt, director of payments and savings, Rabobank Nederland, said in the release. "We already have more daily users of mobile banking than we have for Internet banking. We plan to follow our customers in these developments and want to focus on smartphone developments as in mobile NFC payments."

Florian Reithmeier, G&D's group senior vice president, mobile security, said: "What makes the approach at Rabobank exceptionally interesting is their clear commitment to a broad market introduction in the Netherlands, combined with advanced online processes that guarantee a user-friendly experience."

Learn more about contactless/NFC.