Mobile payment: Sopra Banking Software’s product is up and running for a third digital wallet
Paris, 16 April 2019 – Sopra Banking Software, global leader in digital banking and financing software, is supporting banks and other financial institutions with their digital transformation. Its software now enables banks to roll out the market’s key digital wallets quickly.
Increasingly connected consumers have turned the mobile phone into an essential everyday tool. They use it on mass and adopt new purchasing and communication behaviours. They expect their banks to get on board this digital approach and offer services combining simplicity and innovation.
In order to address these new usages, banks are expanding their offering with mobile payment services and more. These services require implementation of token solutions and exchanges with new stakeholders: Token Service Providers (TSP) and Token Requestors (TR).
The software offered by Sopra Banking Software is a perfect fit for these needs.
Its multi-TSP approach enables banks to set up and manage the exchanges required with different specialised players. It simplifies roll out for the various mobile payment solutions, while addressing international security regulation requirements.
Thanks to this software, Sopra Banking Software customers, and specifically its preferred partner and cards processor Transactis, can now manage digital wallets provided by the GAFA tech giants and other market players depending on their priorities, with an ‘à la carte’ implementation. In that respect Société Générale was first to use this innovative solution in France.
For its part, Boursorama Banque, also a Transactis – Sopra Banking Software customer, is currently the only French bank to offer the three main international mobile wallets.
Aurore Gaspar, Deputy CEO at Boursorama Banque, said, “We are proud to be the first French bank to offer the three main global wallets thanks to the solution rolled out by the processor Transactis and the software vendor Sopra Banking Software. All Boursorama Banque customers can securely pay for their purchases, both in store and online, regardless of their mobile.”
Jean-Charles Ricomini, payments expert at Sopra Banking Software, added, “We are supporting our customers with their digital initiatives; today, with initiatives like Secure Element (like the main international wallets provided by GAFA), in the future with other types of initiatives like HCE or QR code. Therefore, we are helping our banking partners in Europe and in Africa to meet their customers’ expectations by simply and effectively rolling out these mobile payment services.”