Citibank and Visa have launched a pilot contactless mobile payments scheme in Singapore with local carrier M1.
The three-month initiative will allow holders of a Citi M1 Platinum Visa card to pay for goods and services using their handset at more than 750 locations in the city-state.
Around 300 cardholders will be invited to join the scheme, which covers music and book retailers, cafes and restaurants.
Users will pay for items by waving their phone handset over a contactless reader at the point of sale.
John Denhof, business director of credit payment products for Citibank Singapore, said the scheme will provide "enhanced convenience, accessibility and mobility for our customers".
"Mobile payment technology, when paired with a credit card account, has the great potential to change the future of consumer behavior in how we make payments and transact daily," he added.
Mobile operator M1, which is supporting the project, has around 1.6 million subscribers in Singapore.
Last month, Barclaycard and Orange announced a partnership to develop a range of mobile payment technologies for the UK market.
No comments:
Post a Comment