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PROSA and Gemalto Partner to Offer Mobile Payments in Mexico

By CIOReview | Thursday, February 25, 2016

BARCELONA, SPAIN—Gemalto (Euronext NL0000400653 GTO), Mobile World Congress - digital security company and one of the largest payment processors in Latin America—PROSA, announce a partnership to bring mobile payments to Mexico. Operating in eight Latin American countries, PROSA will provide mobile payment services to all customers, which include 95% of credit, debit and prepaid card issuers in Mexico. Gemalto's Allynis Trusted Service Hub (TSH) allows banks to quickly launch their own NFC mobile payment wallets utilizing host card emulation (HCE) that enables easy new customer onboarding. Another important feature of Gemalto's TSH is its ability to provision payment wallets from device manufacturers and mobile network operators as they launch in Mexico.

In Mexico, 100 percent of domestic debit, credit and prepaid transactions are processed with PROSA’s unique technology portfolio handling more than 50 percent of the transaction volume. As the usage of smartphone is rapidly growing in the country, up 40 percent in the second half of 2015 brings the smartphone user base to more than 62 million1 devices. The solution being one of the first payment solutions of its kind in Mexico, will help banks get in front of the mobile wallet trend by providing integrated mobile payments to their cardholders. PROSA will deliver services for mobile wallet development, cardholder identification and verification, card digitization and secure delivery to the mobile device based on the TSH. Offering increased security in digital payments, PROSA will operate Gemalto's Tokenization Platform from its premises in Mexico to reduce cross-channel fraud.

"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 José Molina, PROSA's General Manager. "Gemalto's TSH 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."

"Gemalto is committed to supporting PROSA, a key financial service provider, in effectively equipping a major portion of the Mexican market with mobile payment services," said Rodrigo Serna, President for Latin America at Gemalto. "Our Trusted Services Hub was designed to empower processors to continue to play a central role in digital transactions and accelerate mobile wallet deployments for their issuers."