Sparkasse banks launches NFC mobile payments

The German Sparkasse savings bank association is launching NFC mobile payments. All of the saving bank's 45 million girocards can benefit from the new mobile payment system. According to Helmut Schleweis, President of the German Savings Banks and Giro Association (DSGV), this makes them a pioneer in Germany in terms of availability and distribution of a mobile payment system. In Germany, around 75 percent of the card terminals are equipped with the corresponding interface for contactless payments, with millions of terminals worldwide available.