NXP, Mastercard, and Xiaomi mobile payments into Europe
Summary
Powering mobile payments for Xiaomi’s Mi Smart Band 4 NFC wearable devices, NXP’s mWallet 2GO supports an accelerated roll-out across Europe by addressing OEMs’ needs for easy, yet secure and scalable, wallet implementations. It also addresses user demands to quickly enable payment devices by digitising their bank cards and experience smooth NFC transactions at the Point-of-Sale. The collaboration builds on the companies’ successful history in driving tap-to-ride mobile transit experiences in Beijing, Guangxi, Shenzhen and other several major Chinese cities with some of the world’s busiest metro stations and public bus lines. “NXP is the first in the industry to offer the full scope of mobile wallet development with mWallet 2GO,” said Rafael Sotomayor, Executive Vice President and GM of Connectivity & Security at NXP. “As the worldwide impact of COVID-19 leads to an increase of contact-free transactions at a rapid pace, NXP’s leading hardware technology, software, and ecosystem integration bring convenient and secure contactless payments to Xiaomi and other mobile devices.” The solution includes a mWallet 2GO wallet software developer kit (SDK), mWallet 2GO wallet server (application management server) integrated with Mastercard Digital Enablement Service (MDES) and similar tokenisation platforms; Secure Element Management Service (SEMS), NFC and Secure Element (SE) module, NFC middleware, SE JavaCard operating system and SE applets.