RIM to facilitate NFC mobile payments in Canada

Secure Element Manager

Research In Motion (RIM) has been selected by mobile commerce firm, EnStream, to provide its Secure Element Manager (REM) solution to power NFC mobile payments in Canada (view press release). RIM’s SEM solution has been created to manage credentials on SIM cards installed in a number of mobile devices such as Blackberry, Android or Windows phones. The deal means that financial solutions in the country will be equipped with a single gateway, allowing them to support customers with an NFC-enabled smartphone, so that they can upload a mobile wallet application.

More than 1 in 4 smartphones shipped worldwide in 2013 is expected to include NFC technology,” said senior practice director Jeff Orr of market intelligence firm ABI Research. “With an additional 5 million NFC-enabled smartphones shipping to Canada next year and upwards of 65 million over the next 5 years, consumers will increasingly turn to mobile payments instead of a separate debit or credit card.”

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