Saturday, August 04, 2012

Pay with your smartphone in Singapore

Have a near-field communciation (NFC) smartphone and not sure what to do with it? Well, if you happen to be in Singapore, you might be pleased to know that you'll soon be able to make payments with your handsets, and by 2013, be able to pay with your smartphone for public transport.
The Infocomm Development Authority of Singapore (IDA) is the main driver behind this NFC payment program, while Gemalto is providing the infrastructure. The three local telcos, M1, SingTel and StarHub are on board as partners. Banks such as Citibank and DBS are ready to jump in as well, but require "regulatory approval".

The NFC service is expected to roll out within the month from the three telcos, and on launch, customers will be able to tap and make payment at 30,000 locations. These include convenience stores, fast food outlets, some retailers as well as taxis. There are also plans for consolidating loyalty card programs into the phone.

Given that Android and the upcoming Windows Phone 8 have integrated payment apps that support NFC payments, it's surprising to note that you'll need a dedicated app to access the new payment system.

Currently only certain handsets from Samsung (such as the Galaxy S III) as well as Sony smartphones are certified for use. More NFC handsets will be available in the "coming months".

View the original article here

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