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.
New Zealanders are increasingly relying on smartphones to manage their lives, so it makes sense to move the physical contents of our wallets to our smartphones. We have worked closely with the MTS team and in their former capacity as C-SAM over the past two years as we developed Semble and look forward to continuing to work with them to offer additional applications and services to our customers in the future.
Felix Marx, group executive, MasterCard Mobile Transaction Solutions
Semble is a fantastic, highly innovative product and a testament to the collaboration of the key players involved in its development. We are therefore very proud that MasterCard mobile wallet technology is powering the platform and creating a simple, secure and centralised way to make mobile payments. And, we look forward to bringing additional applications to the people of New Zealand in the future.
