23 June 2017
Visit cib.db.com

SIX issues mobile credit card in Austria

03 February 2017  |  5981 views  |  0 Business man using Smartphone

SIX Payment Services has issued a SIM-based virtual credit card for making mobile payments in Austria.

Once installed, the mobile card, dubed PayLife 0100 after SIX’ consumer brand in Austria, appears on the mobile display of an Android 4.1 and above compatible phone and can be used to make tap-and-pay purchases at any eftpos terminal displaying the contactless symbol. The card can also be used for online shopping in the same way as a physical credit card.

Thomas Csipkó, managing director and head financial industry services Austria says: “The mobile credit card is the next big step in cashless payment. Mobility has become an integral part of our society - people always have their smartphone close by - and so mobile payments have become the future of the industry.”

Existing PayLife card custiomers can can sign up for the virtual card via the online service portal "myPayLife." The first year is free of charge, after which it costs EUR 0.90 per month.
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

SIX bids to build centre of gravity for Swiss startups

SIX bids to build centre of gravity for Swiss startups

06 October 2016  |  3474 views  |  0 comments | 2 tweets
Swiss banks investigate common mobile payments system

Swiss banks investigate common mobile payments system

30 March 2016  |  7962 views  |  0 comments | 17 tweets | 18 linkedin
More Swiss banks join Paymit ahead of high street expansion

More Swiss banks join Paymit ahead of high street expansion

21 January 2016  |  6305 views  |  1 comments | 11 tweets | 5 linkedin
SIX Group sets up fintech incubator

SIX Group sets up fintech incubator

13 August 2015  |  12495 views  |  0 comments | 20 tweets | 6 linkedin
Swiss banks join SIX and Swisscom to push mobile payments to the high street

Swiss banks join SIX and Swisscom to push mobile payments to the high street

05 August 2015  |  8212 views  |  0 comments | 10 tweets | 7 linkedin
SIX, UBS and Zurcher Kantonal Bank to launch P2P  payments app

SIX, UBS and Zurcher Kantonal Bank to launch P2P payments app

28 April 2015  |  8757 views  |  0 comments | 11 tweets | 13 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comdownload the report nowvisit wavestone-advisors.co.uk

Top topics

Most viewed Most shared
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8603 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day twoLive: EBAday 2017, day two
8423 views comments | 4 tweets | 5 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
7727 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7596 views comments | 8 tweets | 25 linkedin
UBS dangles $200,000 carrot to woo startups to fintech challengeUBS dangles $200,000 carrot to woo startup...
6503 views comments | 12 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job