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EnglishMomentum builds around GSMA's Pay-Buy Mobile ProjectEnglish · Мобильная коммерция · Зарубежные · Мобильные платежи 26.04.2007,
Nokia joins leading operators and handset makers in global initiative to enable mobile phones to be used in retail outlets to pay for goods and services. 25th April 2007 - Seoul, South Korea: Nokia, the world’s largest mobile phone maker, and a further 10 mobile operators have thrown their weight behind a GSM Association initiative to enable the worldwide use of mobile phones for payments at retail outlets. KPN, Maxis Communications Bhd, mobilkom austria, O2, Orange, SFR, SingTel, SKT, Vodafone and Wind have joined the 14 mobile operators* that initiated the project in February. The handset vendors in the programme include Samsung Electronics and LG Electronics, which both plan to participate in the first trials scheduled to begin in October. Payment card company MasterCard is also participating in the initiative. The GSMA’s 'Pay-Buy Mobile' initiative seeks to define a common global approach to using Near Field Communications (NFC) technology to link mobile devices with payment and contactless systems. Together with a SIM/Universal Integrated Circuit Card (UICC) card in a mobile handset, NFC can be used to enable a wide range of secure, interoperable and transparent services, such as credit and debit payments.
Mr. Conway is in Seoul this week to discuss the initiative with Dr. Young-Chu Cho, CEO of KTF, which is leading the ‘Pay-Buy Mobile’ initiative. The Pay-Buy Mobile initiative will build on the work of the major credit card companies, which have developed specifications to ensure global interoperability between chip cards and point of sale terminals, regardless of manufacturer, the financial institution and location of transaction. The GSMA intends to work closely with leading financial intermediaries to provide the transaction solutions.
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