Singaporean Government Awards TSM Contract; Expects NFC Launch in mid-2012

Oct 26 2011

Singapore’s Infocomm Development Authority has announced the award of its contract for trusted service management to a consortium led by France-based Gemalto, with plans calling for a nationwide launch of NFC payment, ticketing and tag-reading services on the island nation from mid-2012.

The consortium includes mobile operators StarHub and M1, along with SingTel, as well as major banks, DBS and Citibank Singapore, and the country’s largest transit fare collection operator, EZ-Link. EZ-Link’s stored-value application also can be used for retail purchases.

The contract comes with funding by the IDA, with the government agency taking an aggressive role in attempting to create an interoperable NFC platform that Singaporean mobile operators, banks, transit fare-collection operators and others can plug into. All told, IDA and the consortium members will invest S$40 million (US$31.5 million) in the platform and up to 10 NFC mobile payment and value-added services by 2014, said the IDA today. 

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