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Rabobank to launch NFC payments in the Netherlands

Rabobank

Dutch bank Rabobank is set to commercially launch an NFC mobile payments service in the Netherlands next year. Rabobank customers will be able to apply for a payment card online and have it sent securely over-the-air to their NFC phone by technology provider Giesecke & Devrient, which is acting as the bank’s trusted service manager (TSM).

Rabobank is is still in the process of deciding on whether to use an NFC SIM card or a phone’s embedded secure element to store customer’s payment credentials, the bank told NFC World.

The bank has been testing NFC payments as part of a group pilot project with other Dutch banks in the city of Leiden. That trial has now been extended to run until 1 January 2014, following a higher than expected uptake of the service with 15,000 transactions being made in the trial’s first 90 days and the number of participating merchants rising to 250.

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