Idemia Secure Transactions works with Qualcomm for offline CBDC payments

Idemia Secure Transactions (IST), the secure payments division of Idemia, announced it is working with Qualcomm to offer users offline payments on smartphones for Central Bank Digital Currencies (CBDCs).

IST will be able to offer OEMs the capability to bring offline payments to their users through the Snapdragon 8-series Mobile Platform which requires a Qualcomm Secure Processor Unit. Customers can make payments with traditional cards, biometric cards, smart phones, or smart watches.

Validation via a server isn't possible for offline …

bank biometrics biometrics news cbdc cbdcs central bank digital currency (cbdc) currencies digital digital currencies financial services idemia mobile offer offline payments qualcomm secure transactions series smartphones snapdragon transactions working