Gemalto has launched a secure element based applet for smart wearables developed by China UnionPay (CUP).
CUP had launched smart wearables with embedded secure elements based payment applications last year.
The payment applet runs on the secure element, to provide online and offline payment capabilities on wearables.
This is expected to eliminate the need for different card vendors to develop their own versions, simplifying deployment of payment applications on a range of secure elements and improving time to market.
“Intelligent NFC-based wearable devices are set to disrupt our lives much beyond contactless payments – from user access and authentication to smart homes and cities, the possibilities are simply endless,” said Suzanne Tong-Li, president for Greater China and Korea at Gemalto.
Source: http://www.telecomasia.net/content/gemalto-launches-applet-unionpay-wearables