18 April 2015

Austrian telco to extend NFC payments programme to the high street point-of-sale

18 April 2012  |  3746 views  |  0 mobile keypad

Telekom Austria is to extend its established paybox NFC scheme for parking and transit payments to the merchant point-of-sale.

Paybox, which is operated by the telco's own mobile subsidiary A1 and fully-licensed Paybox Bank, will initially make the service available to 5000 customers for shopping in selected McDonald's restaurants and stores of supermarket chain Merkur.

The scheme, which will utilise NFC stickers or the SIM on selected mobile phones, will enable users to make contactless payments to a value of EUR25 without the need of a PIN.

After a testing phase, A1 Telekom Austria says it will roll out the programme to other retail partners.

It will compete directly with Raiffeisen Bank, which is working with Visa and Cardis to launch its own iPhone-based mobile wallet service by the end of this quarter.

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

13 April, 2012
02 April, 2012
06 March, 2012
05 March, 2012
24 February, 2012
27 January, 2012
02 December, 2011
18 November, 2011
04 November, 2011
23 September, 2011
07 September, 2011
26 July, 2011
03 February, 2011
03 February, 2011

Related company news

 

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
6607 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6232 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6063 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4701 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4386 views 10 comments | 36 tweets | 12 linkedin

Featured job

Basic £85-110K dependent on experience OTE circa £...
London

Find your next job