South Africa’s retailers, financial institutions and brands are gaining pace with international competitors in adopting technologies such as near-field communication (NFC) for mobile and cashless payments. Two years ago, it was predicted that the high cost of installing point-of-sale terminals and other enabling infrastructure would hamper adoption. However, several companies have implemented such systems so
There’s a paradox at the heart of mobile payments’ spectacular growth. On a global basis, the use of mobile devices for payments of all kinds is booming: Gartner Group projected worldwide mobile payment transactions for 2013 would total $235.4 billion, an impressive 44% increase over the previous year’s $163.1 billion. Future forecasts for mobile’s growth
Teasy Mobile Money has successfully deployed the first commercial Near Field Communication (NFC)/Contactless payments solution in Nigeria. This was announced by the Chief Executive Officer of Teasy Mobile Money Musa Ali Baba, who believed that not only will retail payments be easier and faster, customer’s satisfaction will be guaranteed. “We are very excited with the
Diebold, Incorporated is making a contactless card reader available to all financial institutions globally. The solution leverages Near Field Communication (NFC) at the automated teller machine (ATM), allowing the user interface to read contactless payment cards, mobile devices with NFC support and additional forms of contactless media such as fobs, stickers and tags. Available as
