Apple has announced its much anticipated mobile payment offering, Apple Pay. The new offering employs NFC (near field communications) and fingerprint identification technology, which allows users to make a payment by simply swiping their iPhone. With regards to security, Apple claimed that consumers’ accounts and transaction data will be kept away from company as well as merchants. The company revealed that it has partnered with payment companies such as Visa, and a number of commercial banks on this new offering. In addition, the application will soon be supported by various large retailers Macy’s and McDonalds. Continue reading Apple Pay on NFC, China on QR Code, India’s RuPay on ?
Tencent recently launched a new version of Wechat , enabling several new functions including in-app search, peer-to-peer payment , QR code auto recognition, and expanded iPad compatibility.
Continue reading WeChat Adds P2P Payment in Latest Version
NTT DoCoMo, China Mobile, and Korea Telecom agreed a joint Wi-Fi inbound roaming scheme covering Japan, China and Korea as well as standardized NFC handset and service requirements. The three companies will jointly show their ideas to global operators at the Mobile World Congress 2013 in Barcelona this week. This is kind of collaboration Telcos must look forward to.
One can expect NFC and mobile payments as areas of large potential for the carriers [Thus Airtel Money is increasingly focused on widening its market base, though with USSD Interface for the time being until every Indian has a SmartPhone], and I believe offloading is increasingly necessary Continue reading DoCoMo, China Mobile,Korea Telecom – WiFi Alliance to Handle mobile Data Traffic