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This week in Paris at the Cartes exhibition, Visa was showing off what they’re working on for mobile payments. They demos a native iPhone application, along with a Visa application that is embedded on a SIM card. The most exciting stuff, NFC, is shown off on a shipping Nokia device. Payments under 20 EUR are just tap and go, useful when you’re in a crowded bar and don’t want to fiddle with credit cards or hard currency, while payments over 20 EUR require a tap, a PIN code, and then another tap to confirm. The sad thing about all of this is that we’re unlikely to see it for at least another year or two. That’s just enough time for Nokia to start rolling out Nokia Money to customers and operators around the world. Here is hoping that rumour of the next iPhone having NFC is true. I’m tired of having to sign little pieces of paper.
[Via: Recombu]
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
