Visa Inc. and Visa Europe have announced the commercial availability of mobile contactless payments. This is the first time in Visa’s history that a mobile contactless payment solution has been included in its list of products available for commercial deployment.
A report on MobileEurope.co.uk says mass market NFC-based mobile payments are expected to hit London in time for the 2012 Olympics. Pablo Montesano, Telefonica’s Director of Mobile Financial Services, is quoted as saying "I expect there to be a lot of activity in this space in London before the Olympics, with a significant push from several players. The reality is no-one knows when this will take off, but we are moving closer than ever to the tipping point."
Visa Europe has launched a contactless mobile payment system in Turkey for Akbank customers. It uses the DeviceFidelity 'In2Pay' NFC microSD card fitted to compatible BlackBerry devices. Other smartphones will be supported in the future.
Mark Bridge writes:
It's not often that a news story about the Apple iPhone prompts me to remember a bible verse... but this week was an exception.
The story was in The Washington Post and it was headlined 'Apple's iPhone does well without being the best'. “Very true,” I thought, as I remembered something similar I'd written last summer.
James Rosewell and Mark Bridge have another report from Mobile World Congress in Barcelona. They interview Mary Carol Harris fom Visa Europe about mobile money and they discuss the event's other big news, from applications and product launches to NTT DoCoMo's eye-controlled headphones.