Tag: smartphone payments

The company has announced a number of smartphone friendly transaction services.

Telefónica’s German international wireless carrier brand, called Telefónica Deutschland, has just announced that it will launch a new smartphone-to smartphone direct money transfer and service as well as mobile payments wallet service.

The goal of the company is to propel the world forward toward a cashless society.

According to the Telefónica Germany CEO, René Schuster, “Soon, children will only know from history books what a wallet and hard cash are.” He added that “Mobile payment with your smartphone has arrived in Germany. Our customers will soon be transferring money mobile-to-mobile and paying in shops using their digital wallet.”

The new peer to peer service will be the first of the mobile payments services that are launched.

This will occur in February by way of a wireless carrier. This element of the mobile payments offerings will be called mpass. By using mpass, smartphone users will be able to make money transfers to other mpass accounts in real time. All the sender will need to know about the recipient is her or her cell phone number. The company has stated that the process is very user friendly and is a free service.

The app to use mpass will be made available to users of devices based on both iOS and Android operating systems. It will require a one-time registration the first time that the service is activated, but the information will be saved after that point so that it does not need to be re-entered.

Beyond the initial mobile payments launch of the P2P service, Telefónica Deutschland has said that it will also offer consumers their O2 Wallet. This is a smartphone wallet that will function using NFC technology in order to allow contactless transactions to occur at a participating merchant’s point of sale. This service will use the PayPass technology from MasterCard in order to provide secure credentials confirmation and payment data from the NFC chip equipped smartphone to the reader device at the register.

Telefónica Deutschland consumers will be sent a new free NFC pack that includes an NFC SIM card so that they will be able to download the app, register, and use these mobile payments and wallet services.

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.