Posts Tagged ‘ NFC ’

Transactions of mobile money rise in Europe

 

Both mobile operators and banks are turning to mobile transactions to foster loyalty and drive revenues, according to a new report from Frost & Sullivan. Ranging from vouchers and bank balance checks to remitttance and top-up payments, mobile money is finally coming to fruition in both the banked and unbanked sector, while near field communication (NFC) promises to be the pot of gold at the end of the rainbow, claims F&S.

The report – Money in Mobile – European Transactions – estimates the mobile money market in Western Europe to grow to 4 to 5 billion Euros by 2013. The research examines both the banked and unbanked sectors and segments mobile money into four areas, namely: non-NFC based m-payments, mobile banking, remittance, and NFC based m-payments.

Continue article here

Advertisements

Mobile app to facilitate SMS Parking

Mobile-for, the Belgacom affiliate responsible for the SMS parking services in several Belgian cities, has launched a mobile application to facilitate this service.  The app, which can be tested in Leuven as from October 2009, can be downloaded on all Google Android enabled smartphones (which kinda limits the testing audience…)  In the coming months however, the app should be available for other smartphones, such as iPhone and Blackberry.

With the app, the user doesn’t have to sms his licence plate any longer.  He also knows the remaining parking time at all time.  The next release will also give GPS coordinates for the nearest parking automat and the occupancy status of parkings in the neighbourhood.

Early 2010, they will start a pilot project to pay your parking ticket through Ping.Ping’s NFC (Nearest Field Communication) technology.

sms-parking-leuven

Belgacom and Alcatel-Lucent collaborate on mobile payments

Belgacom and Alcatel-Lucent are going to collaborate on a new business model for mobile payments via PingPing and the contactless services of Touchatag.   PingPing has recently been launched by Belgacom for mobile payment services, while Alcatel-Lucent developped Touchatag to offer Near Field Technology (NFC) technology.   The goal is to develop new applications for mobile payments.  Before the fall of this year, they hope to finish a system allowing a contactless card or a NFC-enabled mobile phone to give access to a large range of services.

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.

Belgacom introduces mobile payment service Ping.Ping

Last week, Belgacom announced they’re taking a 40% share in Tunz, a Belgian company specialized in micropayments.

This week, the telecom giant said they are starting up a mobile payment service called Ping.Ping, which should allow to pay with your mobile phone for small amounts, such as a can in a vending machine or a drink in a bar.
Belgacom has made a large range of partnerships for this service.  One of them is with Accor Services, responsible for the food checks.  Goal is to digitize the food checks and put the value on a digital account. In a first trial, 500 Belgacom employees will be able to spend this digital money in horeca establishments in the neighborhood of Belgacom’s headquarters in Brussels.

There’s also a partnership with Coca-Cola, testing out the micropayment for vending machines.  Another trial will be with supermarket Delhaize.
To allow a ‘contact-less’ payment, the NFC technology will be used.  If the trials are successful, Delhaize wants to introduce customer identification by the mobile phone instead of the Delhaize Plus card. 

Ping.Ping is supposed to become a group name for all these different mobile payment services.  The already existing SMS parking and SMS bus ticketing – services from Mobile-for which was acquired by Belgacom – would also fall under this umbrella.  Belgacom promises several more applications in the coming weeks and months, including vouchers, reduction coupons, payments on campus and person-to-person payments. 

pingping-mobile-payment

Mobile payment: with chip or by sms

Pay by mobile chipEarlier this month, European mobile operators (represented by the GSM Association) and European banks (represented by the European Payments Council) have reached an agreement to collaborate on mobile payments.  Together they want to look for an easy way to link a mobile phone to a bank account. 

Mobile payments would be made possible with Near Field Communication (NFC) technology, which means the mobile phone has an integrated NFC-chip which can be scanned to make a payment.
The collaboration is an effort to create a standard for mobile payments, which now knows many different technologies and services.  But first banks and operators have to come to an agreement on the financing of NFC-networks.  Second obstacle is that all consumers need a mobile phone with the NFC-chip.

Personally, I don’t think a hardware solution should be used for mobile payments.  Of all current mobile payment solutions, SMS payment still seems the easiest and most effective one.  Mostly because sending SMS messages is so easy, common and popular.  Everyone can do it and everyone does.

So I’d rather encourage initiatives like the one of Rabobank, who introduced their service RaboSmsBetalen.nl

With this service, everyone can open a mobile wallet which can be credited with a certain amount of money.  To make a SMS payment, you just send a SMS to the shortcode 6689, including the mobile phone number of the recipient, the amount you wish to transfer and a description.  The recipient can use the transferred money to create his own mobile wallet or he can transfer it to his own bank account (though a fee is asked here).

The recipient can be a web shop but also an other individual.  And Rabobank especially wants to target the latter.  A practical exemple are friends in a bar: one of them pays the bill and instead of having to count their coins, the others can pay him back by SMS.  This way, the need to have enough cash in your pocket disappears.  So maybe we can finally get rid of those annoying bronze eurocents…