NXP Semiconductors launches mobile wallet development solution mWallet 2GO

American company NXP Semiconductors has launched its new services called mWallet 2GO. This has been done under the partnership with Mastercard and Visa. mWallet 2GO has been developed on the NXP Secure Service 2GO Platform and it will offer full scope of mobile wallet development in one solution including hardware technology, software and ecosystem integration.

The company in a statement said that the payment solution was designed to ease development, reduce cost, and accelerate time-to-market for OEMs (Original Equipment Manufacturers) to add mobile payment capability to any wearable, mobile or IoT device.

The company informed that Montblanc, the German manufacturer of luxury writing instruments, watches, jewellery and leather goods, was the first company to launch its own mobile wallet solution based on mWallet 2GO for its new TWIN smart strap.

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“mWallet 2GO extends our market-leading silicon offering to a truly full service and system solution for mobile payment. Following the announcement of MIFARE 2GO, this once again proves how NXP is at the forefront of transforming whole ecosystems,” said Sanjay Gupta, Vice President and India Country Manager at NXP.