Cybercom turns your mobile into a digital wallet

Cybercom turns your mobile into a digital wallet

Cybercom will exhibit its transformation of a mobile telephone into a digital
wallet at Mobile World Congress, a mobile trade show in Barcelona that starts on
Monday. Together with a leading payment solutions provider, Cybercom is
developing the technology that will enable contactless payments at parking
meters, stores, and vending machines. 

“We're currently negotiating with several major banks that are interested in our
development project," says John Persbeck, project owner at Cybercom. “We're also
talking with several companies that are interested in using our solution to
facilitate payment for their products.”

Cybercom's pilot project is unique. It connects NFC technology, which makes it
possible to complete a payment transaction by simply swiping the mobile, with
WPKI technology, which ensures high security when making payments through the
mobile.

Several industry analysts believe that the mobile phones released this autumn
will already be technically capable of using the technology currently under
development at Cybercom. At the trade show in Barcelona, Cybercom will
demonstrate how the entire transaction chain works.

“We're currently investigating how to commercialise the solution together with
our potential partners," said Persbeck.

Johan Persbeck will be at Mobile World Congress in Barcelona with more
information. Patrik Boman, Cybercom's president and CEO, will also share his
view on the potential of the digital wallet technology for the Cybercom Group.

Find out more, contact:

Johan Persbeck, project owner +46 70 379 10 06
Patrik Boman, president and CEO, Cybercom Group +46 73 983 89 79
Anna Trane, press and PR manager, Cybercom Group +46 70 884 74 69


About Cybercom
The Cybercom Group is a high-tech consultancy that offers global sourcing for
end-to-end solutions. The Group established itself as a world-class supplier in
these segments: security, portal solutions, mobile services, and embedded
systems. Thanks to its extensive industry and operations experience, Cybercom
offers strategic and technological expertise to these markets: telecom,
industry, media, public sector, retail, and banking and financial services. The
Group employs about 1,800 persons and runs projects worldwide. Cybercom has 28
offices in 11 countries. Since 1999, Cybercom's share has been quoted on the
NASDAQ OMX Nordic Exchange. The company was launched in 1995. Find out more at:
www.cybercom.com