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2016-11-17

Gemalto: LotteCard uses Gemalto's Contactless Sticker for payments and transport in South Korea

EMV payment merges with any mobile phone

Amsterdam, Nov. 17, 2016 -
Gemalto(Euronext NL0000400653 GTO), the world leader in digital security, is
supplying itsOptelio Contactless Stickers
to LotteCard - one of Korea's largest credit card networks.
The miniature size sticker is one third the size of a standard banking card
and designed to adhere to the surface of any mobile phone. Owing to a bigger
antenna and an advanced shielding technology, the sticker offers the best
performance and minimizes the interferences common in latest smartphones. It
has been certified by international payment associations, and is part of
Gemalto's comprehensive range of wearable products.

Using the Lotte Sticker, users can make payment at 35,000 stores throughout
South Korea, and enjoy the convenience of paying for bus, subway, or taxi
rides by simply tapping their phone on the readers. The sticker also doubles
as a credit card for online shopping. It can be applied directly from
LotteCard's website, or through Lotte Group's department stores.

Contactless payment is immensely popular in South Korea. In a recent survey1
with 2,500 households, 31.8 percent of the respondents have been enjoying
such services. The same report also cites 19.9 percent using their phones for
public transport payments. In fact, ABI predicted that all payment terminals
in Korea would be contactless by 2019, driven by increased proliferation of
contactless cards[1].

"Featuring five fashionable designs, the Lotte Sticker is a fun and convenient
alternative for users to commute and pay for their daily expenses
", said Kim Byung-jun, Team leader of Smart Business Team of Lotte. "Market
response has been overwhelming with close to 300,000 cards issued since
the initial launch in April."

"LotteCard is committed to innovation, and the sticker card has proven to be
an effective way for the company to quickly introduce mobile contactless
payment to its users,"
said Suzanne Tong-Li, President, Greater China and Korea at Gemalto.

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2015 annual revenues of €3.1 billion and customers in over 180
countries. We bring trust to an increasingly connected world.

Our technologies and services enable businesses and governments to
authenticate identities and protect data so they stay safe and enable
services in personal devices, connected objects, the cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to
enterprise security and the internet of things. We authenticate people,
transactions and objects, encrypt data and create value for software -
enabling our clients to deliver secure digital services for billions of
individuals and things.

Our 14,000+ employees operate out of 118 offices, 45 personalization and data
centers, and 27 research and software development centers located in 49
countries.

For more information visitwww.gemalto.comor follow@gemaltoon Twitter.

Gemalto media contacts:

-----------------------------------------------------------------------------------------
| Philippe Benitez Peggy Edoire Vivian Liang |
|North America |
|+1 512 257 3869 Europe&CIS Greater China |
|philippe.benitez@gemalto.com +33 4 42 36 45 40 +86 1059373046 |
| peggy.edoire@gemalto.com vivian.liang@gemalto.com |
| Ernesto Haikewitsch Kristel Teyras Shintaro Suzuki |
|Latin America Middle East&Africa Asia Pacific |
|+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 8266 |
|ernesto.haikewitsch@gemalto.com kristel.teyras@gemalto.com shintaro.suzuki@gemalto.com |
-----------------------------------------------------------------------------------------

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[1]https://www.abiresearch.com/market-research/product/1019689-payment-and-...

LotteCard_Sticker
http://hugin.info/159293/R/2057346/770817.png
Press release (PDF)
http://hugin.info/159293/R/2057346/770813.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via Globenewswire

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