Just a quick post to note Visa’s launch of its first commercial mobile payments service for point-of-sale transactions using Near Field Communications technology. The service, currently available only in Malaysia, enables customers to pay for items in the same way we use our Oyster cards – simply wave it over the reader and the money is deducted from the account.

The potential of touch payments being rolled out beyond London’s transport network is huge. However, across the UK, we’re not quite there yet, as we wait to see which firms will come together to cross the Rubicon, ink the deals and make the required partnerships work.

This entry was posted on Thursday, April 9th, 2009 at 3:29 pm and is filed under Private Sector, Technology and Financial Services. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.