Singapore starts first NFC mobile payment trials
Friday 03 December 2010
A select group of around 1,000 mobile phone users in Singapore will soon be able to use their mobile phones to pay for small purchases during the country's first trial of near field communications (NFC).
The trial, organized by financial services group DBS, EZ-Link Pte Ltd. (a subsidiary of Singapore's Land Transport Authority), digital security company Gemalto, MasterCard and StarHub will start in December.
Mobile carriers and financial institutions around the globe are jumping at the chance to trial the next generation payment solution as they and their customers become accustomed to the benefits of living in cash-free societies.
"With the rapidly expanding use of mobile devices, our customers are increasingly expecting financial services and payments to be offered on their mobile devices," said Ms Ooi Huey Tyng, Senior Vice President, Cards & Unsecured Loans, DBS Bank Ltd.
"We are happy our cardholders will be the first in Singapore that will benefit from the convenience of having the functionality of NFC-enabled chip embedded onto their mobile phones to make payments. Through this, we hope to further promote the adoption of cashless payment in Singapore."
In November China's second largest mobile carrier, China Unicom, launched NFC payment services that enable consumers in Beijing, Shanghai, Guangzhou and Chongqing to make payments with their NFC-compatible phones.
Korean mobile network operator KT has also just launched a commercial NFC service in the country.
KT predicts that by 2015, 47 percent of its handsets will have built-in NFC features.
Singapore will trial the NFC service for eight-months before eventually rolling it out to "the masses" in the latter part of 2011.
Life & Style blogs
GTA 5 Online DLC: San Andreas Flight School update brings 16-seater jet plane and more
What is ALS and the Ice Bucket Challenge?
David Beckham fronts the campaign for his underwear autumn/winter collection, which hit stores today
London restaurant 34 creates champagne glass modelled on Kate Moss’ left breast
NHS patients to be seen by 'doctors on the cheap'
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
- 1 Jeremy Clarkson 'sees no problem' with his racist language on Top Gear, says BBC
- 2 Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
- 3 London restaurant 34 creates champagne glass modelled on Kate Moss’ left breast
- 4 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 5 James Foley beheading: Fox news presenter Megyn Kelly annoyed by Ferguson update during broadcast about murdered journalist
iJobs Gadgets & Tech
£32000 - £35000 Per Annum: Clearwater People Solutions Ltd: Our client based o...
£40000 - £43000 Per Annum plus company bonus: Clearwater People Solutions Ltd:...
£20000 - £25000 per annum + OTE £40,000: SThree: Computer Futures has been est...
£40000 - £50000 per annum + Benefits, Training & Bonus: Harrington Starr: C# S...