The adoption of mobile phones around the world, notably in emerging countries, provides an opportunity for the telecom and banking industries to leverage the SIM card to provide a range of banking services. While some mobile operators have implemented stored-value account wallets, in most countries, banking regulations do not allow non-banks to accept deposits or limit the scope and value of operator managed wallets.

The mChek platform addresses these two issues and provides a solution for telecom operators through Gemalto SIM cards. In a unified environment, mChek enables a broad range of services, including mobile banking, two-factor authentication, secure message delivery, cross-border and domestic money transfer and mobile payments using stored-value wallets, direct debit and credit/debit card support.