Singapore Telcos Have Launched NFC Mobile Wallets

Singapore-telcos-SingTel-M1-NFC-mobile-wallet-rfid-blogLast year, a consortium, including European vendor Gemalto Citibank, DBS Bank and pre-paid card specialist EZ-Link, was set up by Singapore’s government, in order to build a S$40 million interoperable NFC infrastructure for mobile payments.

Earlier this month, StarHub was the first telco to launch an NFC wallet which used the infrastructure. Now M1 and SingTel have joined in.

According to SingTel, it has developed a mobile payments service with EZ-Link. With its NFC SIM, customers can make cashless payments by tapping NFC-enabled smartphones at terminals at over 20,000 points that accept EZ-Link, such as taxis, supermarkets and fast food chains.

Download the EZ-Link app from the Google Play Store for use on NFC-enabled Android mobile handsets, and users can check transaction history and balances, and top-up the purse with any debit or credit card.

The app can be topped-up over-the-air, which means that SingTel customers can easily download and top-up on the go, with their NFC-enabled phone and credit cards.

“The NFC solution that we are launching today is the first of many innovative mobile services that SingTel will unveil. We will progressively launch differentiated services that enhance our customers’ lifestyles and provide them with a unique mobile commerce experience, ranging from payments to value-added services.” says Gan Siok Hoon, VP, m-commerce, SingTel.

At the same time, M1 has also been working with EZ-Link and MasterCard on its wallet. Customers who buy an NFC SIM and certified handset (Samsung Galaxy S III, Samsung Galaxy S Advance or Sony Xperia S) will be able to make contactless payments at merchants that accept Paypass and EZ-Link.

Using M1 Mobile Wallet, users can obtain information on available NFC services, as well as manage their account and settings, such as default cards, initiating payments, viewing transaction details and password amendments. M1 has also implemented a wallet passcode as an additional security measure, which is required before processing manual payment transactions.