Gemalto has provided a secure element based applet for smart wearables launched by China UnionPay (CUP). Smart wearable devices are gaining popularity globally, with total shipments expected to surpass 200 million in 2019.
CUP had launched smart wearables with embedded secure elements based payment applications last year. The payment applet runs on the secure element, to provide online and offline payment capabilities on wearables.
This will eliminate the need for different card vendors to develop their own versions, simplifying deployment of payment applications on a wide range of secure elements and vastly improving time to market, for a new era of innovative wearables.
Gemalto says intelligent NFC-based wearable devices are set to disrupt our lives much beyond contactless payments – from user access and authentication to smart homes and cities, the possibilities are simply endless.
For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.