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Tieto in cooperation with MeaWallet and Chip Card to introduce mobile payments in Serbia

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In the near future, the processing centre Chip Card will be able to provide its customers in Serbia, Bosnia and Herzegovina and Montenegro with payment services through mobile devices using the integrated Tieto Card Suite and MeaWallet technical platform.

Tieto has signed the trilateral agreement with the Norwegian mobile solutions provider MeaWallet and the processing centre Chip Card on providing a solution for mobile payments. With the joint partner solution, the processing centre can offer its customers new-generation services such as mobile wallet and mobile payments via NFC early next year.

 - In everyday life, customers increasingly appreciate the use of simple, user-friendly and compact solutions. Mobile payments provide an opportunity to ensure easy and simple payments using a mobile device. We are glad to cooperate with MeaWallet and Chip Card, and we believe in our fruitful and productive relationship in future, says Maris Ozolins, Director of Cards, Tieto.

- Together with our partners - Tieto and MeaWallet, we can now extend our offering, giving our existing and new customers a unique and complete mobile wallet experience which includes NFC and cloud based payments, tokenization and Host Card Emulation, says Vesna Džudović, CEO at Chip Card a.d.

- The partnership with Tieto and Chip Card will bring mobile payments and mobile value added services to the next level. Based on our joint efforts in technology, marketing and sales, we look forward to supporting the coming mobile payments in the region, says Lars Sandtorv, CEO of MeaWallet.

For further information please contact:

Maris Ozolins, Director, Cards, Tieto, phone: +371 675 10 000, maris.ozolins[at]tieto.com

Vesna Džudović, CEO, Chip Card, phone:
+381 113 04 09 10

Lars Sandtorv, CEO, MeaWallet, phone: +47 909 55 111, lars.sandtorv[at]meawallet.com

Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.

Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto’s shares are listed on Nasdaq in Helsinki and Stockholm. Please visit www.tieto.com for more information.

Chip Card JSC is one of the leading centres for processing payment card transactions and managing ATM and POS operations in the market of the Republic of Serbia. The company was established in 2004 involving 12 banks and the Association of Serbian Banks. With 33% of market share in the total number of transactions, Chip Card consolidates its position as a trustworthy and stable partner for banks and other participants in the payment industry. www.chipcard.rs

MeaWallet - “one world one mobile wallet” deliver the most secure and cost effective mobile payments and white-labelled mobile wallet solutions (as-a-service). MeaWallet serve the entire ecosystem; financial institutions, IT/Security solution providers, payment schemes, acquirers and more. With partners like IBM, Tieto, Elavon, Chip Card, MasterCard and Visa, MeaWallet ensures high quality and short time to market. The company base its offerings on that all service providers should be able to offer mobile wallet services to their customers without investing heavily in technology, solutions and operations. For more information, please visit at www.meawallet.com

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