Raiffeisen International plans
to introduce a contactless mobile payments service,
CardMobile, that is meant to be the first mobile payment solution
in Austria that enables users to pay
contactless and without using any debit or credit
card.

For
CardMobile, Raiffeisen is
partnering with Visa Europe, V PAY – Visa Europe’s chip-only debit
card, and low value-payment solutions provider Cardis
International.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Raiffeisen
aims to launch the CardMobile service during the second
quarter of 2012.

CardMobile aims to allow customers to download
an app and install a microSD card in their handset – initially just
iPhones – to enable them to make low value contactless payments at
the point-of-sale.

The payment credentials would be stored in the
phone in the chip provided, which has the same security level as a
bank card, according to Raiffeisen.

Head of card service at Raiffeisen, Gerald Kubu, said in a
statement;

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“CardMobile provides an attractive alternative
to cash, as it does not require customers to manage any cash or
electronic wallet balance, or to look for terminals to reload their
card. At the same time, merchants will find the low costs
attractive.”

In April 2011,
Raiffeisen rolled out an all-in-one Visa branded credit card and
frequent flier card in cooperation with the airlines air Berlin
and flyNiki.