Near Field Communications Handsets and Tags, NFC Pilots and Projects

MasterCard, Gemalto to pilot mobile payment in Singapore

Thursday, May 6, 2010

MasterCard has announced plans to pilot Gemalto’s Upteq N-Flex mobile payment device in Singapore, according to Finextra.

The two companies will team up with DBS Bank, local pre-paid card specialist Ez-Link and telco StarHub to conduct the trial, which will be available for EZ-Link Fevo MasterCard holders.


The device is a wafer-thin chip that can be inserted into a variety of different mobile phones to enable users to make NFC mobile payments at PayPass-enabled terminals throughout the city.

Finextra says the partners may also widen the trial to cover public transport in Singapore.

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Gemalto today announced it will provide its Trusted Services Management service to support the launch of NFC applications in Thailand.

Gemalto is partnering with KASIKORNBANK, the country’s second largest bank, and with Advanced Info Services, the nation’s largest telecommunications operator, to provide NFC services to Thai consumers such as touch-and-go mobile payment.

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Wells Fargo has announced its participation in Visa’s NFC-enabled mobile payments field trial, joining Bank of America and US Bancorp as the third U.S. bank to test Visa’s new technology, according to finextra.com.

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MasterCard and Gemalto have announced a new pilot featuring an NFC-enabled device that can be inserted into a mobile phone to turn it into payment device.

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Visa is teaming with Turkey’s Akbank and vendor DeviceFidelity to launch a new microSD-based contactless mobile payment system.

Akbank customers will be able to insert DeviceFidelity’s In2Pay microSD into their handsets’ memory card slots, turning them into contactless payments devices that can be used with Visa payWave terminals.

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MasterCard’s stock dropped 3.6% on the recent announcement Verizon and AT&T are partnering with Discover and Barclays to launch mobile contactless payment services, but the company says it has its own ventures in diversified payments.

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Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

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