With a “mobile wallet” the mobile phone becomes a secure storage unit for credit cards, tickets, loyalty cards and keys. Mobile wallets available today require the use of a physical chip, a secure element that is costly to gain access to and has limited storage capacity. As opposed to a physical wallet that usually contains identity cards; no mobile wallet available today can provide the electronic equivalent – the electronic identity (eID) – because there are no solutions that provide the required level of security. To make the mobile wallet a real alternative to the physical wallet, there is a need for more storage capacity and higher security levels.Our idea is to develop a high-security wallet framework that can be used in combination with mobile wallets from various providers. Combined with a secure element implemented in software, improved authentication methods and our Trusted Service Manager (TSM) back-end system we will be able to provide complete life-cycle management for services with all security levels. The use of a secure software element combined with our TSM architecture will provide a neutral point of contact between the users and the service provider, provide a cost-efficient solution for over-the air provisioning of mobile phones and reduce user lock-in imposed by mobile operators or mobile phone manufacturers.Service providers with low security requirements will benefit from our innovations through easier access to the users and reduced costs for provisioning. Our innovation will aid the roll-out of eIDs in European countries by improving user-friendliness. This is an important step towards improving European eGovernment infrastructure. We, the SMEs will benefit from increased revenue and sales of the developed technology and expect 5 years post project an accumulated turnover of €168 million from selling the new HighTrustWallet, creating an estimated 1120 jobs.