MasterCard and the ING banking group have announced a mobile payment trial in the Netherlands. It’s designed to let customers pay for online purchases using their mobile phone even if they’re not doing their internet browsing on the phone.
The trial scheme will run until early 2013 and uses MasterCard’s PayPass mobile app to provide security checks.
If a customers is shopping via the internet on a PC or tablet device, the online payment process will generate a unique QR code for the customer. Scanning this code with a smartphone will connect the Mobile PayPass application in the user’s phone to the merchant’s online shopping basket.
Mark Buitenhek, Global Head of Payments & Cash Management at ING Group, said “This innovative mobile payment product enables ING to offer our customers a one-click-buy experience. The trial allows us to explore which new type of mobile payments products and technologies will meet our client’ needs. Working with MasterCard on this trial is in line with our international payments strategy to introduce standardized and internationally accepted payment products that offer a high level of security and convenience.”
Market research company Gartner has forecast that mobile payment transactions are expected to increase from $172 billion this year to an estimated $600 billion worldwide by 2016.