Visa launches mobile payment system

Two weeks ago, we reported that Belgacom’s new service Ping.Ping will be using the Near Field Communication (NFC) technology to allow contact-less payments.

Today, Visa has launched a mobile payment service, using NFC-technology as well.  This NFC project, that first will be tested in Malaysia, “will be a turning point for the payment industry”, according to Elizabeth Buse, head of product at Visa.   For the realisation, they collaborated with the Maybank Bank, with Maxis, Malaysia’s largest telecom operator, and with Nokia.  The latter hopes to sell some 3000 Nokia 6214 NFC-enabled devices in a month time.  
Purpose of the NFC-technology is to allow a mobile payment by just waving the mobile phone over a reader terminal.

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