Visa and Nokia in Mobile Wallets joint venture

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Visa and Nokia in Mobile Wallets joint venture

01-11-2007, 10:27 AM,

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mandy Offline

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Visa and Nokia in Mobile Wallets joint venture

Quote:Visa and Nokia have launched a mobile payment platform that is expected to turn digital devices into digital wallets. The initial version of the system offers solutions for "contactless" mobile payment, over-the-air personalization, coupons and direct marketing. Subsequent versions of the platform will be released later this year, Visa said...

The system allows consumers to swipe a phone across a credit card scanner, which then reads the credit card information on a microchip that is embedded in the handset. Customers authorize the purchase by pushing a button on the handset.

Mobile payments are set to rise from a mere US$155 million in 2005 to a whopping $10 billion in total revenue by 2010...

full article: http://ecommercetimes.com/story/OOby4XFN...lets.xhtml

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