Giesecke & Devrient and Euronet Worldwide have said they will co-operate on the marketing of mobile phone-based payment solutions. The two companies have agreed to jointly offer a product that will include the electronic recharging of prepaid SIM cards.
The alliance’s market efforts will focus on eastern and central Europe, as both companies have received interest from their network operator customers in these markets.
Under the deal, G&D will provide SIM cards for bill payment, mobile commerce and prepaid reloading of SIM cards. Euronet will supply applications for mobile recharging, mobile banking and mobile bill payment service.
In addition, Euronet will also provide the processing infrastructure for the mobile recharge of cards at various terminals.