Nokia System Allows Malaysians To Pay By Phone
May 02, 2006
Visa and Nokia launch phone payment pilot project in Malaysia.
By Jakob Holm
Consumers in Malaysia now have the possibility to shop and pay using their mobile phones. The possibility comes after Visa International and Finnish cell phone maker Nokia released the world's first credit card payment pilot system in the country.
During a four-month trial period Nokia and Visa is to test the system using a newly developed Nokia phone.
“The "Mobile Visa Wave Payment Pilot" project marks the first step in plans to turn mobile phones into electronic wallets for consumers,” officials said.
The payment system builds on the Visa Wave smart card technology that uses radio frequencies to eliminate the need to swipe credit card into a reader.
Source: http://www.scandasia.com/
By Jakob Holm
Consumers in Malaysia now have the possibility to shop and pay using their mobile phones. The possibility comes after Visa International and Finnish cell phone maker Nokia released the world's first credit card payment pilot system in the country.
During a four-month trial period Nokia and Visa is to test the system using a newly developed Nokia phone.
“The "Mobile Visa Wave Payment Pilot" project marks the first step in plans to turn mobile phones into electronic wallets for consumers,” officials said.
The payment system builds on the Visa Wave smart card technology that uses radio frequencies to eliminate the need to swipe credit card into a reader.
Source: http://www.scandasia.com/