Your mobile phone, your credit card?
Author Avatar


Your mobile phone, your credit card?

Imagine a world where you no longer have to whip out your wallet and use your credit card to make payments. Instead, all you need to do is tap your mobile phone on a reader and everything is duly processed.

That world will become our reality sooner than you may think, thanks to a collaboration between VISA and Samsung. PaymentSource reports that the two giants are teaming up with the goal of creating a financial programme that will allow mobile phones to function as credit or debit cards.

At the Mobile World Congress in Barcelona, the companies jointly announced that Visa’s PayWave application will be installed by default on all Samsung devices equipped with near-field-communication (NFC) technology.

The pair added that their partnership is a first between their respective industries – payment network and handset manufacturing; one that will play a major role in helping large-scale mobile payment systems get off the ground.


0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Banking Technology Articles
Post Image
This Is GO+ By TNG eWallet, The New Investment Feature That Earns Daily Returns
Alex Cheong
- 26th March 2021
The new investment feature in Touch ‘n Go (TNG) eWallet, GO+, has now been made available to more […]
Post Image
What Can You Do With an Expired Cheque?
Desiree Nair
- 5th June 2017
Suddenly realised that you still have an expired cheque that has not been cashed? Don’t worry, we’ll show what to do to get your money, read on!
Post Image
HSBC To Close 13 Bank Branches In Malaysia, Expand Digital Banking
Jacie Tan
- 15th June 2021
HSBC Bank Group will be closing down 13 of its bank branches in Malaysia by the end of […]
Post Image
RHB Mistakenly Sends Out e-Statements Belonging To Other Customers
Jacie Tan
- 18th June 2021
RHB customers have reported incidents where the bank had sent them e-statements that did not belong to them, […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image