Tag: mobile banking

TIM, a Brazilian carrier, has announced that it is beginning the new program using near field communication.

Wireless carrier from Brazil, TIM, has just revealed that it is launching a mobile payment pilot service that will be based on NFC technology in order to test the effectiveness within the region.

The program is running as a part of a partnership with Banco Itaú, a bank in Brazil.

It is also working with MasterCard, in addition to Redecard (a point of sale manufacturer) and Gemalto, which is a digital security provider. This joint venture pilot project will include a small beta testing group as well as the participation of 100 Rio de Janeiro and São Paolo restaurants.

The carrier has explained that they wish to learn more about the use and behaviors around NFC technology.

This pilot will help them to get to know the way that consumers wish to use NFC technology, what their expectations may be and how it works for restaurants. It will also provide the opportunity to train their employees internally and observe the type of challenges that they may expect as a result of a more extensive rollout.

Based on the results that they experience due throughout the length of the pilot program, TIM has said that it is considering expanding the use of NFC technology enabled mobile payments. This could mean that if the program is successful, the nearly 70 million subscribers at that company will have access to the service as soon as the second half of this year.

According to the TIM Brazil CMO, Roger Solé, “TIM has innovation as a strategic pillar and, once again, comes out ahead with the test of a technology that promises to be an important evolution of mobile. This partnership with Itau and our quest to evaluate the NFC model demonstrates our concern to offer solutions that bring more convenience to customers.”

The NFC technology enabled credit cards will be MasterCard branded. These will be used by the few participants in the pilot program. The over-the air account provisioning will be supplied by Gemalto. They will also be providing their well respected services management solutions. MasterCard PayPass tech will be used for making payments at the restaurant points of sale.

This will allow cardholders in India to take advantage of a paperless program for debit and credit.

Citibank India has just announced that it is making a new mobile payments system available to provide paperless banking to its credit and debit cardholders, which would eliminate the need for printed receipts.

The service will then go on to become available to the entire Citigroup global network.

This mcommerce news places Citibank India at the very head of all of the Citigroup country franchises that have launched a mobile payments solution that is innovative within the industry. This particular system was developed in conjunction with the technology available through its partner in the venture, Ezetap.

The bank released a statement that indicated that it already has seven mobile payments partnerships.

By the launch of the mobile payments service in India, it had already established partnerships with seven of the country’s leading brands. It hopes that a large number of its over 320 million cardholders will embrace this technologies and begin to see their mobile devices as a new way to complete credit and debit transactions.

The new mobile payments solution is designed to assist consumers in being able to buy a number of different goods and services. However, it will also allow them to pay bills, such as their smartphone service invoice or their insurance premiums. It can also help them to purchase tickets to movies, the theater, and various events. All of these transactions can be completed wherever the consumer happens to be: at home, at work, or elsewhere, and the purchases will be charged to the Citibank card of their choice.

That said, the banking institution has also said that the mobile payments will also allow consumers to make purchases at retail locations, themselves, without having to stand in line to reach the checkout counter. Instead, they will be able to complete a paperless transaction at any point in the store. Citibank has explained that it hopes that this will eliminate the need to have to keep track of sales receipts and slips, for convenience both for the consumer and the merchant, alike.