Iceland to see mobile contactless payments project through Valitor

Mobile contactless payments are to begin in Iceland as part of a new collaboration between the leading cross boarder acquiring solutions provider Valitor, Oberthur Technologies, and Visa Europe.

As part of the project, Orberthur Technologies’ SIM card products will be utilised to offer integrated support for NFC (Near Field Communications), in order to power the mobile contactless payments.

Valitor and its partners started the initial implementation in early 2012, working with Iceland’s key mobile network operators, Siminn and Vodafone.

“We have been cooperating closely with Oberthur Technologies, and Visa Europe for many years. With this new agreement, we reinforce our willingness to have the necessary support and expertise in implementing Iceland’s first mobile contactless payments trial. This new technology will soon become a reality for all the citizens, who will experience the convenience, security and speed of mobile contactless payments,” explains Vidar Thorkelsson, Valitor’s CEO.

Iceland was chosen as the perfect test market for the mobile contactless payments project due to the country’s population, and its concentration in the Reykjavik area. Combined with high mobile and card penetration, Iceland’s population profile will enable the partners to monitor cardholder and merchant response to mobile contactless payments ahead of a full commercial launch in late 2013.

Mr. Fredrik Westerman, General Manager, Nordics and Baltics, Visa Europe, comments, “Iceland is one of our most successful markets. The size of the market and high card penetration makes Iceland an ideal test environment to drive our ambition to help realise the future of payments.”

The full pilot of the project is set to begin in the second half of 2012 in the greater Reykjavik area. Valitor has acquiring and issuing relationships with the Icelandic banks Arion Bank, Landsbankinn, Islandsbanki, and MP bank, which combined have around 95 percent of the market share.

To find out more regarding the mobile contactless payments project in Iceland, as well as cross boarder acquiring solutions, visit www.valitor.com.

jbaker

Recent Posts

Pipar\TBWA Named Advertising Agency of the Year for the Second Consecutive Year

Reykjavík, Iceland, 13.03.2025 - PiparTBWA has been named Advertising Agency of the Year for the…

4 weeks ago

QUIRKY CAMPERS UNVEILS DEDICATED GLASTONBURY 2025 CAMPERVAN FLEET

London, UK – March 12, 2025 – Quirky Campers, the UK's leading platform for handcrafted…

4 weeks ago

eXo Platform Unveils Version 7.0: A Game-Changer for the Digital Workplace

Paris, March 11, 2025 – eXo Platform, a leading open-source provider of intranet and digital…

4 weeks ago

Sasa Software Appoints Udi Doenyas as New Chairman of the Board

Tel Aviv, March 11, 2025 – Sasa Software, a global leader in advanced cybersecurity solutions…

4 weeks ago

Leaders, influencers, and individuals worldwide walk backwards to highlight the need to move forwards for women‘s rights.

Global Regression in Women's Rights Sparks UN Women National Committees’ 'March Forward' Campaign. Fri, Mar…

4 weeks ago

Savox Communications Initiates Cooperation Deal with a Northern European Customer for Advanced Audio and Intercom Command System

[Helsinki, Finland – March 7, 2025] – Savox Communications, a global leader in mission-critical communications…

1 month ago