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In a significant move that's set to redefine mobile payment solutions across Europe, Curve, a digital wallet platform based in London, has announced an expanded collaboration with Thales, a global provider of advanced technologies.
The partnership integrates Thales' D1 platform, a cloud-based, real-time payment digitization system, into Curve's mobile payment services. This integration allows users to securely store all their payment cards in one app and make contactless NFC payments both on iOS and Android devices[1][2][3].
Key benefits of this collaboration include enhanced security and trust, increased user control and flexibility, and broader European reach.
Enhanced security and trust are achieved through Thales' D1 platform, which encrypts transactions and verifies identities while complying with global security standards like PCI DSS. This creates a highly secure digital vault for payment cards and reduces fraud risks, addressing major barriers to mobile payment adoption[2].
Increased user control and flexibility are provided through Curve Pay, which allows users to switch between multiple cards even after a purchase, maximize rewards, avoid hidden fees, and consolidate payment options in a single app. The partnership also leverages Apple's recent opening of NFC interfaces to third parties, enabling contactless payments via a simple double-tap on iPhone devices, directly challenging competitors like Apple Pay[1][3].
The collaboration also expands Curve’s position as a disruptor in Europe's financial services market, making mobile wallet accessibility more widespread across the continent[3].
François Chaffard, Director of Digital Payment Services at Thales, commented that the collaboration with Curve Pay is an example of how innovative fintechs and trusted technology partners can shape the future together.
This is not the first time Curve and Thales have collaborated, as the company previously worked together on Huawei Pay, powered by Curve, indicating a longstanding technical relationship between the two organizations[4].
With over six million users and partnerships with major players like Samsung and PayPal, Curve's mobile payment offering is further developed through this collaboration[3]. The Curve Pay feature is available across iOS and Android in Europe, although no new information about its geographical availability was provided[1][2][3].
Shachar Bialick, Founder and CEO of Curve, stated that the collaboration with Thales is a significant step towards providing a seamless, secure, and innovative payment solution.
The collaboration aims to provide a more secure, frictionless, and user-friendly mobile payment ecosystem in Europe, reshaping how consumers and merchants engage with everyday digital transactions[1][2][4]. This partnership is also seen as an attractive opportunity for investors given the growing demand for modern, reliable payment solutions[1][2].
[1] Curve Press Release, "Curve and Thales to Transform Mobile Payments in Europe," [URL]
[2] Thales Press Release, "Thales and Curve Partner to Enhance Mobile Payment Security and Usability," [URL]
[3] TechCrunch, "Curve and Thales Team Up to Take on Apple Pay in Europe," [URL]
[4] Finextra, "Curve and Thales Partner to Simplify Mobile Payments," [URL]
Thales' collaboration with Curve integrates Thales' advanced D1 platform into Curve's mobile payment services, fostering a secure and user-friendly technology-driven business environment. This partnership also presents an opportunity for investors, given the increasing demand for modern and reliable finance solutions in the rapidly evolving European market.
