Flexible Electronics News

Gemalto Enables EMV Payment for Telefonica-MasterCard JV in Brazil

Prepaid payment service provides financial inclusion for the unbanked population of Brazil

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Gemalto announced that it will supply prepaid EMV payment cards to Mobile Financial Services (MFS), the joint venture formed by Telefónica and MasterCard Worldwide. The launch is part of Zuum, a new payment service offered by Telefónica’s Vivo brand, which aims to provide financial inclusion for the unbanked population of Brazil. Gemalto will also provide MFS with all the personalization services associated with EMV prepaid cards as well as tamper evident packaging and fulfillment to point-o...

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