Flexible Electronics News

Brazil: On the Brink of a Smartphone Payment Revolution

Giesecke & Devrient is working with Claro and Bradesco

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Starting in the first half of 2014, Brazilians will be able to use their smartphones to carry out contactless payment transactions when shopping. In the first commercial project of its kind in Latin America, Giesecke & Devrient (G&D) is working with Claro and one of the country’s largest banks, Bradesco. The mobile payment project will kick off in the state of São Paulo and will later be expanded to other parts of the country, generating a total countrywide customer base of more than...

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