Mobile wallet and commerce provider Mozido continues to spread its wings with the launch of contactless payment capabilities for TWallet users in Indonesia.

Partnering with Verifone Mobile Money and financial services provider Finnet Indonesia, Mozido will power the Near Field Communication technology for Telkomsel Indonesia and its 140 million subscribers.

Last month, Austin, Texas-based Mozido landed a deal with Deutsche Telekom AG to provide a mobile wallet called MyWallet 2.0 in Germany, marking one of its first major moves since adding mobile payment, advertising and loyalty technology through the acquisition of CorFire in December of 2014.

The CorFire technology also facilitated the TWallet agreement in Indonesia, said David Luther, executive vice president and chief business officer for Mozido.

"Mozido's move into Indonesia was already underway prior to our acquisitions," Luther said. "But CoreFire accelerated the move into Indonesia because it already had a project underway with Telkomsel to launch the Tcash mobile wallet."

Telkomsel is the largest mobile network operator in Indonesia, making Mozido's work with Telkomsel "a very significant way for Mozido to enter" that market, Luther said.

TWallet enables users to make tap-and-go payments at participating merchants, such as fast food locations, movie theaters, supermarkets, coffee shops and convenience stores. Mozido also provides merchants with a mobile coupon management system that allows retailers to send branded coupons directly to TWallet users.

Indonesian consumers using Telkomsel services already had the ability to conduct mobile money services such as bill payment, airtime top-up, person-to-person transfers, account balances and transaction history. With the Mozido technology added, all of those services now operate out of the TWallet. Mozido's partnership with Finnet Indonesia connects users to Indonesia's banks nationwide.

Mozido's strength has always been the ability to find a niche and stick to its plans for  white-label, cloud-based mobile wallet services, said Gil Luria, analyst with Los Angeles-based Wedbush Securities.

"But the niche is still relatively limited because the overall uptake of mobile wallets is still nascent," Luria said. If Mozido continues on its current path, and the telcos and banks they partner with do the same, "business should grow nicely for them," Luria added.

Mozido plans to do just that, as it continues its global push with a focus on India.

"India is an important market with more than 1.2 billion people and a high adoption of mobile phones," Luther said.

The political climate favors foreign investment and financial services for approximately 700 million consumers who have mobile phones, but no useful access to financial services, Luther added. "Mozido has been working for more than a year on the right entry into India and should be announcing our accomplishments shortly."

Part of that push will center on Mozido keeping abreast of the latest mobile technology, which it illustrated when supporting Host Card Emulation with a product called twMP for a group of banks in Taiwan, Luther said.

HCE allows a bank to establish a mobile wallet with contactless payment capability without working directly through a telco or negotiating for access rights to a handset's secure element.

Mozido currently provides service in the U.S., China, India, Asia, Africa, Middle East, Europe and Latin America.

The company acquired Beijing-based PayEase Corp. early this year to help its presence in China, a move that ultimately led to Mozido offering a cross-border e-commerce payment connection between China and Russia called TradeEase.

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