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2016-02-24

Gemalto: PROSA and Gemalto Partner to Offer Mobile Payments in Mexico

Mobile
World Congress, Barcelona, Spain - February 24, 2016

- Gemalto (Euronext NL0000400653 GTO), the world leader in digital security
and PROSA, one of the largest payment processors in Latin America, announce a
partnership to bring mobile payments to Mexico. PROSA has operations in eight
Latin American countries and will provide mobile payment services to all
customers, which include 95% of credit, debit and prepaid card issuers in
Mexico. Gemalto'sAllynis Trusted Service Hub
(TSH) enables easy new customer onboarding, which allows banks to swiftly
launch their own NFC mobile payment wallets utilizing host card emulation
(HCE). Another important feature of Gemalto's TSH is its ability to provision
payment wallets from device manufacturers and mobile network operators as
they launch in Mexico.

In Mexico, 100% of domestic debit, credit and prepaid transactions are
processed locally, with PROSA handling more than 50 percent of the
transaction volume. Smartphone usage in the country is growing rapidly, up 40
percent in the second half of 2015 bringing the smartphone user base to more
than 62 million[1]devices. This solution, one of the first payment solutions
of its kind in Mexico, will help banks get in front of the mobile wallet
trend by delivering integrated mobile payments to their cardholders. PROSA
will provide services for mobile wallet development, cardholder
identification and verification, card digitization and secure delivery to the
mobile device based on the TSH. In addition, PROSA will operate Gemalto's
Tokenization Platform from its premises in Mexico, providing increased
security in digital payments to reduce cross-channel fraud.

"Smartphones account for nearly 60 percent of mobile connections in Mexico and
the country is experiencing major growth in the number of NFC-enabled POS
terminals deployed at retail outlets and banks
," said José Molina, PROSA's General Manager. "Gemalto's TSH provided us with
a full turnkey solution that allows our banking
partners to plug into the NFC infrastructure and roll out easy, secure mobile
payment services to their customers, while benefiting from the cost
efficiency and scale a world class processor like PROSA can provide
."

"Gemalto is committed to supporting PROSA, a key financial service provider,
in
effectively equipping a major portion of the Mexican market with mobile
payment services
," said Rodrigo Serna, President for Latin America at Gemalto. "Our Trusted
Services Hub was designed to empower processors to continue to
play a central role in digital transactions and accelerate mobile wallet
deployments for their issuers.
"

About PROSA
PROSA was founded in 1968 with almost 50 years of experience in the payment
industry. Our services are used by 70 million cardholders around the world
operating over 3,300 million transactions annually. We serve more than 140
financial and non-financial institutions in 8 Latin American countries. We
are recognized as a world-class company, offering the most comprehensive
portfolio of products and services in the market, competitive prices,
adaptable and flexible solutions to fit the needs of our customers, backed-up
by numerous certifications and awards supporting our experience as leaders in
the payment industry.

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security,
with 2014 annual revenues of €2.5 billion and blue-chip customers in over 180
countries.

Gemalto helps people trust one another in an increasingly connected digital
world. Billions of people want better lifestyles, smarter living
environments, and the freedom to communicate, shop, travel, bank, entertain
and work - anytime, everywhere - in ways that are enjoyable and safe. In this
fast moving mobile and digital environment, we enable companies and
administrations to offer a wide range of trusted and convenient services by
securing financial transactions, mobile services, public and private clouds,
eHealthcare systems, access to eGovernment services, the Internet and
internet-of-things and transport ticketing systems.

Gemalto's unique technology portfolio - from advanced cryptographic software
embedded in a variety of familiar objects, to highly robust and scalable
back-office platforms for authentication, encryption and digital credential
management - is delivered by our world-class service teams. Our 14,000
employees operate out of 99 offices, 34 personalization and data centers, and
24 research and software development centers located in 46 countries.

For more information visit www.gemalto.com, www.justaskgemalto.com,
blog.gemalto.com, or follow@gemalto on 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 |
-----------------------------------------------------------------------------------------

---------------------------------------[1]http://www.emarketer.com/Article/Mexicos-Smartphone-User-Base-Reaches-62...

Press release (PDF)
http://hugin.info/159293/R/1988766/730273.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1988766

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