31 March 2015

Singapore telcos launch NFC mobile wallets

24 August 2012  |  7650 views  |  0 Fingers on smartphone keypad

Singapore wireless operators SingTel and M1 have both launched mobile contactless payments services, enabling customers to make purchases by tapping their handsets at the point of sale.

Last year, Singapore's government appointed a consortium - including European vendor Gemalto, Citibank, DBS Bank and pre-paid card specialist EZ-Link - to build a S$40 million interoperable NFC infrastructure for mobile payments.

Earlier this month, StarHub became the first telco to unveil an NFC wallet taking advantage of the infrastructure and it has now been joined by M1 and SingTel.

SingTel says that the mobile payments service that it has developed with EZ-Link will allow customers who buy an NFC SIM to make cashless payments by tapping supported handsets at terminals at over 20,000 points island-wide that accept EZ-Link, such as taxis, supermarkets and fast food chains.

The EZ-Link app can be downloaded from the Google Play store for use on NFC-enabled Android mobile handsets, enabling customers to check transaction history and balances, and top-up the purse with any debit or credit card.

The app can be topped up over-the-air, meaning SingTel customers can easily download and top-up on the go, with just their NFC-enabled phone and credit cards.

Gan Siok Hoon, VP, m-commerce, SingTel, says: "The NFC solution that we are launching today is the first of many innovative mobile services that SingTel will unveil. We will progressively launch differentiated services that enhance our customers' lifestyles and provide them with a unique mobile commerce experience, ranging from payments to value-added services."

Meanwhile, M1 has also been working with EZ-Link and MasterCard on its wallet. Customers who buy an NFC SIM and certified handset (Samsung Galaxy S III, Samsung Galaxy S Advance or Sony Xperia S) will be able to make contactless payments at merchants that accept Paypass and EZ-Link.

The M1 Mobile Wallet lets users to obtain information on available NFC services, as well as manage their account and settings, such as default cards, initiating payments, viewing transaction details and password amendments. M1 has also implemented a wallet passcode as an additional security measure, which is required before processing manual payment transactions.


Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

17 August, 2012
28 June, 2012
21 June, 2012
07 June, 2012
30 April, 2012
26 April, 2012
10 February, 2012
20 January, 2012
26 October, 2011

Related company news


Top topics

Most viewed Most shared
Europe sets the pace as fintech investment...
6367 views comments | 29 tweets | 20 linkedin
UK online banking fraud losses soar 48%
5859 views comments | 16 tweets | 19 linkedin
Future Money Focus: Mariano Belinky, Santa...
5390 views comments | 12 tweets | 12 linkedin
Google preps Gmail bill payment feature
5155 views comments | 15 tweets | 12 linkedin
Barclays and PayPal join Government ID acc...
4982 views comments | 10 tweets | 11 linkedin

Featured job

to GBP £80K base, double OTE
London, UK or Madrid, Spain

Find your next job