Digicel unveils NFC capable mobile wallet service with VeriFone

Digicel unveils NFC capable mobile wallet service with VeriFone

Staff writer  |   May 18, 2012
Digicel Pacific has deployed VeriFone mWallet services and NFC-enabled payment systems to offer its entire customer base access to the latest NFC technology to facilitate Mobile Money transactions.
Launching in the Kingdom of Tonga this week Digicel says the new service is truly inclusive because customers do not need a bank account, credit card or a smart phone.
The innovative NFC-enabled merchant payment solution uses NFC tags from Digicel linked to mobile numbers and VeriFone's contactless payment acceptance systems. Digicel Tonga subscribers are now able to pay for goods and services with a tap of their phone at 50 merchants in the capital of Nuku'alofa and both companies say that they plan to extend the new service to the entire Pacific Island nation.
Many Tongans are unbanked and credit card penetration is extremely low. In addition, an NFC capable smart phone is a luxury item for people in a country where many families have a dependence on International Remittances fromNew Zealand, Australia and the USA.
The new service follows the introduction of International Money Transfers directly to Mobile Wallets by Digicel late last year. Families in New Zealand can instantly send money online directly to Digicel subscribers' mobiles in the Pacific for much lower cost than established operators, such as banks and traditional Money Transfer operators. According to a 2011 World Bank report, remittance payments constitute more than 30% of the Tongan GDP, placing it the second in the world for dependence on remittances.
Staff writer


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