23 July 2017
Download the paper now.

Singapore telcos launch NFC mobile wallets

24 August 2012  |  8828 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.

KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Discover backs Google Wallet

Discover backs Google Wallet

17 August 2012  |  8402 views  |  2 comments
Orange begins France-wide NFC SIM roll-out

Orange begins France-wide NFC SIM roll-out

28 June 2012  |  7852 views  |  1 comments
Microsoft unveils mobile wallet with SIM-based NFC

Microsoft unveils mobile wallet with SIM-based NFC

21 June 2012  |  17997 views  |  4 comments
Half of world's POS terminals will be NFC-ready by 2017 - Berg Insight

Half of world's POS terminals will be NFC-ready by 2017 - Berg Insight

07 June 2012  |  11991 views  |  5 comments
Visa Europe preps V.me digital wallet for autumn launch

Visa Europe preps V.me digital wallet for autumn launch

30 April 2012  |  11014 views  |  0 comments
UK wireless operator O2 launches mobile wallet

UK wireless operator O2 launches mobile wallet

26 April 2012  |  12882 views  |  0 comments
PayPal trials QR code app in Singapore

PayPal trials QR code app in Singapore

10 February 2012  |  8677 views  |  0 comments
Singapore banks move to EMV for ATM cards

Singapore banks move to EMV for ATM cards

20 January 2012  |  8323 views  |  0 comments
Singapore preps national NFC m-payments service

Singapore preps national NFC m-payments service

26 October 2011  |  9449 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.finastra.comvisit www.ncr.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13744 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
9960 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
8910 views comments | 16 tweets | 12 linkedin
hands typing furiouslyThe Digital Trade Chain: the blockchain tr...
8409 views 0 | 8 tweets | 16 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7488 views comments | 25 tweets | 16 linkedin