Flexible Electronics News

Gemalto Deploys Secure Element-Based Applet for Mobile Payments on Wearables

China UnionPay Co. had total transactions reaching USD $1.9 trillion in the first quarter of 2015.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Gemalto has provided a secure element-based applet for smart wearables launched by China UnionPay Co. (CUP), one of the world’s major payment associations with total transactions reaching USD $1.9 trillion in the first quarter of 2015.   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...

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