MasterCard Mobile Transaction Solutions (MTS) today announced that it is providing its mobile wallet solution for Semble, the joint venture between New Zealand's mobile network operators(MNOs) and Paymark, a company that processes the majority of EFTPOS transactions in New Zealand.
The joint venture sees Vodafone, 2degrees and Spark working with Paymark to offer the Semble app which allows smartphone users to store credit and debit card information on their devices. MTS, which was previously known as C-SAM, became part of the MasterCard group after being acquired by the company last year.
By activating the Semble app, users will be able to purchase goods using the debit and credit cards stored on their smartphones, and will in future, be able to add other things such as loyalty cards, coupons, transport cards and other bank cards. According to Semble, the service which is available on a range of Android NFC-enabled (near field communication) smartphones stores user information securely within individual SIM cards. To set up, users simply need to request a Semble ready SIM from their mobile provider, download the Semble app from Google Play, add their cards and make their first payment.
Semble added that its mobile wallet solution is based on MasterCard’s Mobile Transaction Platform (MTP), providing a single entry point for the delivery of the bank services through a common wallet application.