Vodafone Seeks to Revamp Wallet with Tokenization and Apple Pay Technology Model

NFC Times Exclusive Insight – Vodafone Group is relaunching its NFC-based Vodafone Wallet with tokenized payment applications, as it seeks to attract more users and issuers to the mobile wallet.

Vodafone, one of the largest telcos worldwide, is working with its payment scheme partner, Visa Europe, along with token service provider Carta Worldwide in rolling out the new platform starting in the second quarter for a range of Android handsets that will continue to use the telco’s SIM cards as secure elements, the telco announced today.

The big telco hopes the streamlined provisioning process that tokenization could offer will cut complexity and fragmentation that has hampered take-up of its Vodafone Wallet with conventional SIM-based applications.