Near Field Communications Handsets and Tags, NFC Pilots and Projects

Nokia sells remaining shares of Venyon to G&D

Tuesday, December 1, 2009

Giesecke & Devrient and Nokia announced that G&D has become the sole shareholder in Venyon Oy by acquiring the shares held by Nokia. G&D held a majority of the shares before the acquisition.

Since its creation in 2006, Venyon has established itself as a trusted service managers (TSM) in the mobile near field communication market.

As a trusted service manager, Venyon provides trusted services to provision and manage applications such as credit cards or transit tickets securely over the mobile network on the user’s NFC-enabled mobile phone.

Venyon provides TSM services between mobile network operators issuing NFC-capable SIM cards and service providers such as transit companies and banks on the growing NFC market. [end] 

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