Singapore starts first NFC mobile payment trials

Relaxnews
Friday 03 December 2010 01:00
Comments

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.

A list of current and upcoming NFC trials can be found here:
http://www.nearfieldcommunicationsworld.com/list-of-nfc-trials-pilots-tests-and-commercial-services-around-the-world/

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in