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Sweden's MeaWallet adds additional verification method

MeaWallet this week signed a deal to use the Swedish mobile bankID as a method for mobile authentication and verification of mobile financial transactions, according to a press release.

The partnership means MeaWallet and its affiliated service providers will be able to use this bankID as one security method in its mobile wallet services offering.

"Swedish mobile bankID is a very good and well-known mobile security application and trusted by the large population of users," MeaWallet CEO Lars Sandtorv said in the release. "MeaWallet and its mobile service provider partners can now use this to enhance and secure attractive mobile services in the MeaWallet mobile wallet, including payments and other financial transactions, loyalty/coupons, IDs, access, ticketing and receipts."

Mobile bankID has become the most used and a de facto standard for doing mobile authentication and signing of mobile transactions in Sweden, MeaWallet said in the press release. It's used by all major banks for login to mobile bank applications and for the signing of financial transactions. It's also used by many government organizations for electronic authentication.