Telefónica's new Digital unit and Giesecke & Devrient have reached an agreement to establish a single European-wide platform for Near Field Communication services, with Giesecke & Devrient providing the trusted service manager platform, including over-the-air transfer and personalization of NFC applications.
Telefónica's wallet application, to be available in Europe over the next few months will also be made available to third-party service providers, including financial institutions, transit operators, and loyalty partners.
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