Talked about for many years and now it finally seems to become a reality for the mass, Mobile-Payment (M-Payment).
Visa in cooperation with Nokia has launched a global system to turn mobile phones into wallets for millions of customers.
The initial version of the mobile payment platform offers contactless mobile payment, personalisation over mobile telephony networks, coupons and direct marketing. Forthcoming versions of the platform, to be made available later in the year, will include remote payment, and person-to-person payment.
Since October 2006 there is a test running in Japan whereas the first test in Europe will be held in the Netherlands with telecom operator KPN and Nokia. Furthermore, last month the Dutch bank, Rabobank announced as the first bank in Europe to introduce mobile banking and low-cost calling in one with Rabo Mobile.
Soure: Red Herring
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