ISO7816 is a smartcard protocol so this is definitely a smartcard of some kind which is running mifare classic emulator. Often times this emulator is just turned on for no reason, it just came with the chip hardware and has nothing to do with the application.
Usually though TagInfo will find any related payment service applets loaded… but this time it did not. The applet IDs might be non-standard or the chip communication protocols might be presented in such a way that TagInfo didn’t bother to look.