There is disclosed a method for facilitating transactions carried out by a mobile device, wherein: the mobile device executes a smart card application; the smart card application receives a cryptographic algorithm from a transaction server external to the mobile device; the smart card application further receives transaction data from said transaction server; the cryptographic algorithm encrypts said transaction data and stores the encrypted transaction data in a storage unit of the mobile device. Furthermore, a corresponding computer program product and a corresponding mobile device for carrying out transactions are disclosed.