Mahindra Comviva, the global leaders in mobility solutions, expects the advent of host-based card emulation (HCE) and tokenization solution to simplify the deployment of NFC for mobile payments. Mahindra Comviva’s VP, Mobile Financial Solutions, Nitin Jain, said that HCE and tokenization will emerge as the big game changer on the payments scene, enabling NFC devices to perform card emulations, without having to rely on their secure element. He will be sharing the best practices on options for financial institutions to enhance security for (HCE) transactions at the up-coming 4th Mobey Day in Barcelona, on October 14 - 15.
The two day event will focus on the rapidly evolving payments landscape and its convergence with mobile and technology as well as look into new initiatives that can be adopted by banks and financial institutions to lead in the exponentially growing mobile finance economy. Mahindra Comviva will also showcase latest products from its mobile financial solution suite, mobiquity Wallet and payPLUS, and will demonstrate how these products can help financial institutions, banks and mobile operators to transform their business performance.
Srinivas Nidugondi, SVP and Head Mobile Financial Solutions, Mahindra Comviva
We are living in an era clearly defined by disruption. Banks, and other financial institutions, have to evolve with the times, or perish – it is either disrupt, or perish. Mahindra Comviva is disrupting the way the world transacts by leveraging the ubiquity of the mobile over new technologies facilitating payments like NFC (HCE), Biometrics, BLE and QR code.
