The Mobile World Congress is right around the corner folks, and it will be home to some of the most exciting, cutting-edge tech announcements and consumer electronic products. Among the companies showcasing their products is Giesecke & Devrient. The company will be presenting a range of comprehensive wearable solutions that will cover banks, mobile operators and OEMs.
Giesecke & Devrient (G&D) is one of world’s foremost wearable technology providers. The company is headquartered in Munich and boasts of a 150 years+ legacy. Founded in 1852, the G&D Group has a workforce of ca. 11,400 employees. In fiscal year 2015, the company generated sales of around EUR 2 billion in the 2015 fiscal year. Its tech intensive solutions are used by OEMs and manufacturers across the world.
Giesecke & Devrient offers its partners access to seamless integration, secure transactions and data. Its technologies are fully compliant with standards like EMVCo, MasterCard and VISA.
Speaking on the topic, Carsten Ahrens, Group Senior Vice President Global Marketing and Sales, Mobile Security at G&D, said:
Wearables are transforming consumers journey, seeing rapid growth as they put simplicity and convenience in the connected society. To support this trend, secure transaction and data need to be ensured. We have more than 50 customers across verticals around the globe and an extensive portfolio of financial, mobile security solutions and services. Our wearable platform allows our customers to provide contactless and convenience services in a secure, cost effective and simple way and scale them more quickly.
Giesecke & Devrient operates in a niche that is likely to see a consumer explosion in the near future. As per IDC, the worldwide wearable device market see 215 million units shipped in 2019. To put things in perspective, Apple shipped around 78 million iPhones last year. However, even more impressive are estimates according to which, the volume of transactions handled by wearables is expected to grow from $3.1 billion in 2016 to several hundred billion dollars in 2021.
This is exactly where Giesecke & Devrient comes in. The company offers its expertise in fields like payment security, eSIM management and secure credential management.
Typical applications include contactless payments, secure authentication, credential management and value add services such as ticketing, sporting events, logical and physical access, and enabling of a cash free community.
Giesecke & Devrient’s customer base includes central and commercial banks, mobile network operators, business enterprises, governments, and public authorities.
The company will be showing off some of its most innovative live customer projects at the MWC, and we will be reporting straight from the event. Make sure to catch our exclusive and super exhaustive coverage by tuning in.
Hasta La Vista!
