France-based financial services company Societe Generale has selected secure technology company Oberthur Technologies for the roll out of NFC services in France.

Under the agreement, Oberthur Technologies’ TSM hosted data centre is set to allow Societe Generale to roll out its payment application to its customers using NFC compatible phones.

Oberthur Technologies was founded in 1984 as a technology provider. The company delivers systems development, smart cards services including payment cards, SIM cards, access cards, NFC and secure identity documents.

In December 2011, Advent International, the global private equity firm, completed the acquisition of the Card Systems and Identity divisions of Oberthur Technologies. The transaction was valued at EUR 1.15 billion.