Custom Search
 



 
 
Citi joins mobile and credit card partners to launch India’s first contactless payment solution

Bangalore June 30: Near Field Communications met the mobile phone to create a contactless credit card payment solution today.   Global financial services leader Citi, has chosen Bangalore to launch a   full feature mobile payments solution where the credit card has  merged into a hand phone. 
The pilot scheme which is expected to involve some 500 plus local traders,  5000 users, equipped with Nokia’s NFC enabled 6212 phone , fuelled by mobile services from Vodafone, and by MasterCard’s PayPass contactless payment solution will run for around 3 months, by which time the four partners – and NFC technology provider ViVOtech -- will get a feel for how contactless  mobile payment works in an Indian environment. This will help them ramp up the solution, country wide, explained Jeff Semenchuk, Citi’s Head of Growth Ventures team and N Rajasekharan, Citi ‘s Country  Business Manager, India, for the global consumer group, in a joint media presentation, Tuesday.
The scenario works like this:
The point of sale is equipped with MasterCard’s PayPass NFC reader. The customer who wants to make a credit card transaction using his Citibank card / MasterCard account, taps the reader lightly with his NFC-enabled mobile phone. This completes the transaction. Since no swiping is required there is no danger of cards being illegally copied at POS.  
The partners who are jointly financing the pilot are also enabling customers to acquire the Nokia 6212 for Rs 5000 against a normal selling price of Rs 11639   and then downloading the Citibank credit card to the handset. Retailers who have joined the ecosystem in Bangalore include chains like Nilgiris, Shoppers Stop, Landmark, Subway and others.
Technote:
Near Field Communication or NFC, is a short-range high frequency wireless communication technology which enables the exchange of data between devices over about a 10 centimetre (around 4 inches) distance. The technology is a simple extension of the proximity-card standard (contactless card, RFID) that combines the interface of a smartcard and a reader into a single device. An NFC device can communicate with both existing smartcards and readers, as well as with other NFC devices, and is thereby compatible with existing contactless infrastructure already in use for public transportation and payment. NFC is primarily aimed at usage in mobile phones ( from Wikipedia).
 
 
 
 
 



    


Post Your Comments Now
       
  Name  
  Email  
  Comment  
     
     
       
       
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by Sripathi on   10,  2011
  "Read more about NFC and NFC capable phones at nfc-india.com"
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by piyush on April  29,  2012
  "i want credit card"
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by piyush on April  29,  2012
  "i want credit card 9911667759"
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by computer support specialist on June  25,  2012
  "After I originally commented I clicked the -Notify me when new feedback are added- checkbox and now each time a remark is added I get four emails with the same comment. Is there any method you possibly can remove me from that service? Thanks!"
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by cheap bookmarking service on November  03,  2012
  "3ZKy8i Really enjoyed this blog.Really thank you! Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by cheap bookmarking service on November  03,  2012
  "3ZKy8i Really enjoyed this blog.Really thank you! Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by pills for weight loss on February  01,  2013
  "sdNsya Muchos Gracias for your blog article.Really looking forward to read more. Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by pills for weight loss on February  01,  2013
  "sdNsya Muchos Gracias for your blog article.Really looking forward to read more. Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by generic clomid on February  27,  2013
  "dYjQ4F Thanks again for the post.Thanks Again. Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by generic clomid on February  27,  2013
  "dYjQ4F Thanks again for the post.Thanks Again. Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by bookmarks on March  15,  2013
  "D3GJLY Very good article.Much thanks again. Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by bookmarks on March  15,  2013
  "D3GJLY Very good article.Much thanks again. Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by ciprofloxacin hcl on March  15,  2013
  "Thanks a lot for the post. Want more."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by ciprofloxacin hcl on March  15,  2013
  "Thanks a lot for the post. Want more."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by generic viagra online on March  15,  2013
  "Very neat article post.Really thank you! Really Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by generic viagra online on March  15,  2013
  "Very neat article post.Really thank you! Really Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by cheap cialis on March  15,  2013
  "I really enjoy the blog article.Thanks Again. Really Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by cheap cialis on March  15,  2013
  "I really enjoy the blog article.Thanks Again. Really Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by 20mg levitra on March  15,  2013
  "Enjoyed every bit of your post.Much thanks again. Really Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by 20mg levitra on March  15,  2013
  "Enjoyed every bit of your post.Much thanks again. Really Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by slr lenses on May  14,  2013
  "uC3laR Thanks a lot for the post.Much thanks again. Much obliged."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by slr lenses on May  14,  2013
  "uC3laR Thanks a lot for the post.Much thanks again. Much obliged."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by good seo on May  25,  2013
  "sorslG Say, you got a nice blog.Really looking forward to read more. Much obliged."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by good seo on May  25,  2013
  "sorslG Say, you got a nice blog.Really looking forward to read more. Much obliged."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by seo service on May  28,  2013
  "6LgLXX I truly appreciate this blog post.Much thanks again. Will read on..."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by seo service on May  28,  2013
  "6LgLXX I truly appreciate this blog post.Much thanks again. Will read on..."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by social bookmarks on June  19,  2013
  "VPo7kM I truly appreciate this article."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by social bookmarks on June  19,  2013
  "VPo7kM I truly appreciate this article."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by best news on earth on July  26,  2013
  "4j4Ucp Fantastic post.Much thanks again. Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by best news on earth on July  26,  2013
  "4j4Ucp Fantastic post.Much thanks again. Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by best news on   02,  2013
  "GW7HOa wow, awesome article.Much thanks again. Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by best news on   02,  2013
  "GW7HOa wow, awesome article.Much thanks again. Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by great link buildng on   19,  2013
  "cSyiHY Looking forward to reading more. Great article.Really thank you!"
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by great link buildng on   19,  2013
  "cSyiHY Looking forward to reading more. Great article.Really thank you!"
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by awesome links for you on   20,  2013
  "WoGNuh Im obliged for the article post.Really looking forward to read more. Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by awesome links for you on   20,  2013
  "WoGNuh Im obliged for the article post.Really looking forward to read more. Fantastic."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by good seo guys on   04,  2013
  "HDEC2Q Fantastic blog post.Really looking forward to read more. Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by good seo guys on   04,  2013
  "HDEC2Q Fantastic blog post.Really looking forward to read more. Great."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by only for 5 dollars on   13,  2013
  "Nx7a4M I truly appreciate this article post. Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by only for 5 dollars on   13,  2013
  "Nx7a4M I truly appreciate this article post. Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by awesome link building on   24,  2013
  "CNtPz4 I cannot thank you enough for the article post. Keep writing."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by awesome link building on   24,  2013
  "CNtPz4 I cannot thank you enough for the article post. Keep writing."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by check out these guys! on October  16,  2013
  "J1TwX5 Thanks again for the article.Really thank you! Awesome."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by check out these guys! on October  16,  2013
  "J1TwX5 Thanks again for the article.Really thank you! Awesome."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by stunning seo guys on January  08,  2014
  "44ihfg Thanks again for the article.Thanks Again. Really Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by stunning seo guys on January  08,  2014
  "44ihfg Thanks again for the article.Thanks Again. Really Cool."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by matt daemon on March  06,  2015
  "R8qEsg Hello my friend! I wish to say that this post is awesome, nice written and come with approximately all important infos. I would like to look more posts like this ."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by matt daemon on March  06,  2015
  "R8qEsg Hello my friend! I wish to say that this post is awesome, nice written and come with approximately all important infos. I would like to look more posts like this ."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by fiverr cocoservice on March  01,  2016
  "JMkTSQ Simply a smiling visitant here to share the love (:, btw outstanding design. He profits most who serves best. by Arthur F. Sheldon."
     
Citi joins mobile and credit card partners to launch India’s first contactless payment solution
by fiverr cocoservice on March  01,  2016
  "JMkTSQ Simply a smiling visitant here to share the love (:, btw outstanding design. He profits most who serves best. by Arthur F. Sheldon."