30 April 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

French telco issues pre-paid contactless cards

25 September 2012  |  4485 views  |  1 Paris - Eiffel tower

French wireless operator SFR is to issue a pre-paid cash card to customers as a first step to the introduction of contactless mobile payments and NFC.

Priced at €14.90 and valid for one year, Paycard SFR does not require opening a bank account and can be recharged by cash, credit card or by bank transfer free.

The contactless card has been developed in conjunction with MasterCard and can be used at Paypass terminals instore for tap and go payments alongside conventional point-of-sale terminals, and for card-to-card transfers between friends and family. The card comes with a mobile app that provides real-time transaction data on balances and withdrawals.

MasterCard and SFR signed an agreement in July to develop a contactless NFC SIM card for fully-fledged mobile payments. SFR says it will start issuing its first NFC-ready SIM cards in 2013.
KeywordsEFTPOS

Comments: (1)

A Finextra member
A Finextra member | 25 September, 2012, 13:38

So this is another 'stick-on' PrePay Mastercard solution?  You may as well stick it on the back of your watch or pop it in your real wallet?  The App is probably just an online link to the PrePay Account, and allows Mastercard to link the account to a MSISDN.  All SFR are doing is the marketing and branding to their customer base.

At least it will help customers get used to the concept of contactless payments in advance of the real NFC-SIM in 2013.

 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
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

McDonald's tests PayPal mobile payments

McDonald's tests PayPal mobile payments

20 August 2012  |  10150 views  |  0 comments
Orange begins France-wide NFC SIM roll-out

Orange begins France-wide NFC SIM roll-out

28 June 2012  |  7738 views  |  1 comments
Visa Europe preps V.me digital wallet for autumn launch

Visa Europe preps V.me digital wallet for autumn launch

30 April 2012  |  10924 views  |  0 comments
French banks called upon to halve cheque processing volumes

French banks called upon to halve cheque processing volumes

26 April 2012  |  6886 views  |  1 comments
Orange launches contactless version of Samsung Galaxy S II in France

Orange launches contactless version of Samsung Galaxy S II in France

20 September 2011  |  6902 views  |  0 comments
French telcos form e-payment JV

French telcos form e-payment JV

03 February 2011  |  11143 views  |  0 comments
BNP Paribas and Oberthur to turn Nice into NFC city

BNP Paribas and Oberthur to turn Nice into NFC city

18 November 2009  |  8980 views  |  0 comments | 1 tweets
French railway operator SNCF taps Gemalto for mobile contactless ticketing

French railway operator SNCF taps Gemalto for mobile contactless ticketing

17 November 2009  |  7201 views  |  0 comments
Banks and mobile operators form m-payments association

Banks and mobile operators form m-payments association

23 October 2008  |  11230 views  |  0 comments
MasterCard to launch French venture

MasterCard to launch French venture

08 January 2008  |  11728 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit dh.comFind out more

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
8067 views comments | 17 tweets | 36 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
7630 views comments | 27 tweets | 15 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7288 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6363 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
6037 views comments | 20 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job