Commitment to Action

Development of a Mobile Payment Telco Platform

Commitment by

Wisekey Sa

In 2008, WISeKey, in partnership with The International Organization for the Security of Electronic Transactions (OISTE), committed to enable more than 20 million mobile phone owners in the Mediterranean region to conduct secure payments and transactions through their mobile devices within two years of the project launch. In support of this commitment, WISeKey will establish a Euro-Mediterranean Hub in Malaga, which will serve both as a super-platform for optimizing commercial, technological, and cultural links between the European Union and Africa, and also as a meeting point and place for research and study. Commitment partners will use the Hub to provide sustainable electronic solutions that inform the public discussion on security barriers and trust as they relate to the use of public networks. The related mobile payment service will be used to securely transfer money over two major mobile networks in the Mediterranean region.

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Overview
Summary

Commitment

Development of a Mobile Payment Telco Platform

Launched

2008

Est. Duration

3 years

Estimated Total Value

$20,000,000

Region

Europe, Middle East & North Africa, Latin America & Caribbean

Countries

ALBANIA, ALGERIA, BOSNIA AND HERZEGOVINA, BRAZIL, CROATIA, CYPRUS, EGYPT, FRANCE, GREECE, INDIA

Commitment by

Wisekey Sa

Partner(s) of the Commitment Maker(s)

Swiscom, Education Above All Qatar, Zurich Insurance Group, International Organization for Secure Transactions (OISTE), Zurich American Insurance