South Korea’s Solacia has announced it intends to deliver its high-capacity USIM (Universal Subscriber Identity Module) cards for the next-generation of 4G services from Verizon and other mobile providers in the U.S.
“Korea’s mobile providers foresee a mobile payments market of US$145 billion by 2015, and the US market will be potentially four times as big,” says Solacia CEO Yoon-Ky Park. “With the 4G infrastructure coming into place, the planned commercial launch of NFC technology will enable the replacement of nonstandard contactless SIM cards and phones with high capacity USIM cards with up to a gig of flash memory.”
AT&T Wireless, Verizon Wireless, and T-Mobile recently came together to create ISIS, a national mobile commerce network that will enable users with USIM cards to access transit ticketing applications, mobile credit card applications, membership loyalty programs, and mobile banking services. Solacia says it intends to be the company that will provide the USIM cards to make these services possible.
Solacia, winner of the top ten hottest Korean companies selected by the Korea Trade and Investment Promotion Agency (KOTRA), is demonstrating its USIM solutions this week at the CTIA Wireless show in Orlando, Florida.