Digital security firm Gemalto, in collaboration with MasterCard, has deployed over one million Optelio contactless EMV cards in a year for Banco Santander Brasil, through Santander Universities.
The Gemalto Santander solution that combines the EMV security with the contactless transactions using MasterCard PayPass features has achieved the largest deployment of its kind in South America.
The multi-application card allows students to access their bank accounts and make low-value purchases by waving their card in front of a contactless reader and also avail discounts at participating bookstores, restaurants and study centres.
MasterCard Brazil products vice president Marcelo Tangioni said: "University Smart Card is an important tool for financial inclusion for young people, as well as a technology enabler to academic activities."
Gemalto senior vice president of secure transactions for Latin America Diego Schpilberg said: "Millions of secure University Smart Cards are already activated and growing every day across Brazilian university campuses."