Brazil: On the Brink of a Smartphone Payment Revolution
Munich, March 26, 2014 – 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 together 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 over 85 million…
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