OT Chosen by STET and GIE-CB as Their Exclusive Partner to Roll out Mobile Payment in France

(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced its partnership with STET, the retail payment operator for French and European markets, and Cartes Bancaires CB Group (GIE-CB), the regulatory body for the payment card system to roll out mobile payment services in France.

Mobile payments are growing rapidly around the world, with an annual growth of 23,2% estimated until 2020*. In France, banks have commissioned STET and GIE-CB to work together to develop an industrial platform to enable banks to use this new payment method securely. The two national bodies have chosen to work with OT, a company that has acquired significant expertise in the field, participating in a range of projects with banks and smartphone manufacturers the world over. ...

Source : http://me-newswire.net//news/18237/en...