Nokia and Visa start mobile payment project
28 Apr 2006 | Nokia | 1 comment
Visa and Nokia have teamed up to release the world's first credit card payment system in Malaysia, that allows consumers to shop and pay using their mobile phones. Last month, PayPal has launched a somewhat similar service called PayPal Mobile that lets people transfer money through their cell phones.
Nokia phones will use the Visa Wave smart card technology that uses radio frequencies to eliminate the need to swipe credit card into a reader. During the trial period, 200 Visa Wave cardholders in Malaysia will be given a special Nokia phone that can be used for such payments. About 2,500 outlets nationwide ave Visa Wave readers.
Visa Wave is already available in Malaysia, Taiwan and South Korea and will be expanded to Japan and Southeast Asia this year.
Via Silicon Valley
~ 1 comment ~
Can you tell me some details about the project such as the platform requirements,as i am intrested in developing a model project in this regard.