
Vodafone Germany plans to launch a pilot of its new Vodafone Wallet product in December. The Vodafone Wallet allows customers to use their smartphones to make purchases with their bank cards. Kasseler Bank and Raffeisenbank Baunatal clients will be the first to receive the product for a seven-month trial.
To use Vodafone Wallet, test participants will receive an NFC smartphone installed with a NFC SIM and the Vodafone Wallet app. The SIM card acts as a digital Girocard, protected by a security element.
Clients can pay for purchases by holding their mobile phone against the payment terminal. During the test phase, the special-issue smartphones will collect information around the usage of the Vodafone Wallet app.
The news comes two weeks after Deutsche Telekom announced plans to discontinue its MyWallet service in Germany, citing a slower-than-expected customer uptake.