UK gets pre-paid mobile wallet
23 July 2013 | 11678 views | 16
Kalixa Group, DeviceFidelity and MasterCard have launched an NFC-enabled iPhone pre-paid mobile wallet in the UK
The moneto wallet is powered by the issuing, processing and acquiring technology that is behind Kalixa's flagship prepaid MasterCard, Kalixa Pay. The wallet also uses a combination of the MasterCard PayPass technology and DeviceFidelity's iCaisse technology to enable tap & go payments in retailer outlets.
Users can access account information on the move, check their balance in real-time, locate merchants and ATM's and make wallet-to-wallet transactions. The mobile app comes with a companion EMV prepaid MasterCard enabling users to withdraw cash at ATMs, make online purchases and shop at retail outlets that do not accept contactless payments.
The Kalixa pre-paid card charges £1.75 for ATM cash withdrawals and 1.95% of the value loaded onto the card, with a minimum load amount of £10.
Ed Chandler, CEO of Kalixa Group, says: "The UK is one of the fastest growing prepaid markets in the world and is a leader in terms of NFC and contactless acceptance at the point of sale. By enabling iPhone users to make smart, simple and secure NFC transactions we are taking an enormous step towards making mobile money an everyday reality for consumers."
Android and iPhone 5 compatibility, as well as service roll-outs to other European markets, will be announced soon, he says.