Proxama, ARM Partner For Joint NFC Venture

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NFC is picking up traction everywhere you look, and the latest news comes out of the UK’s Proxama. According to a release sent out this morning, the company is planning a partnership with ARM to create an NFC system.

Employing ARM TrustZone technology in conjunction with the Proxama Mobile Wallet, the venture aims to provide secure NFC contactless payments and mobile internet payments to more mobile devices.

“2012 will see an explosive growth in smartphones and tablets that have enhanced security based on TrustZone technology and Trusted Execution Environments,” said Ben Cade, general manager of the secure services division at ARM. “These devices will create a new market for trusted services and applications that will drive innovation and enhance user experiences.”

Considering the fact that this years Olympics are putting a large focus on NFC, the timing couldn’t be better.