Oberthur will provide TSM services hosted at one of its data centres to allow Societe Generale to deploy its payment application to customers using NFC-compatible phones.

Societe Generale head of payment instruments Yves Blavet said that the company constantly strives to bring to the market reliable and easy-to-use solutions designed to meet the changing needs of its customers.

"To ensure a successful roll out of NFC mobile payments in France, we chose to partner with Oberthur Technologies because of their track record in TSM services," Blavet said.

Oberthur Technologies General Manager Europe Eric Duforest said that mobile financial services are strategic development axis for banks.

"Partnering with Societe Generale on this program is a fantastic opportunity to further promote the deployment of the NFC technology in France and abroad," Duforest said.