Telefónica Trials NFC mPOS System in Czech Republic
Telco Telefónica is set to pilot an app and card reader-based mobile point-of-sale system that supports NFC payments in the Czech Republic.
The mPOS2 trial is planned to launch in September. A number of small merchants will use a reader from Ingenico and an iOS, Android or Windows app developed by local outfit Monet+.
Retailers enter the amount to be paid in the app and the customer either swipes a Visa or MasterCard mag-stripe card, inserts an EMV chip card and enters their PIN or—for low value transactions—taps a contactless card or NFC-enabled mobile phone. Merchants will pay a 2.79% transaction fee during the pilot and local bank CSOB will clear payments.
Telefónica’s Josef Puczok said that the project means that the telco is the main player, more than just a “value added reseller” playing second fiddle to partners such as banks.
A full roll-out of the technology could come early next year and move beyond the Czech Republic to Germany and Slovakia.