News about ITWeb.
July 19th, 2016
Kenyan carrier Safaricom is testing a new PIN-based NFC-enabled ‘Tap-and-Go’ card for its M-Pesa mobile money service. “The telecommunications services provider says the new offering can integrate with an existing M-Pesa account and the pilot phase is currently being conducted among Safaricom staff, with plans to extend the service to university students,” ITWeb Africa reports. Reports emerged in March 2014 that Safaricom was working to add NFC to its M-Pesa service.
April 28th, 2014
Equity Bank, Kenya’s largest bank, is to provide more than 300,000 free NFC phones to retailers across the country for use as POS devices, ITWeb Africa reports. “Our new MasterCard ATM cards are tap-and-go hence the need to put mobile POS devices with merchants to process payments,” chief executive James Mwangi said. “The NFC-enabled phones and cards will help Equity Bank be well positioned to significantly increase volumes and commission from payment processing.”
April 26th, 2012
South African banks and retailers are likely to be slow to adopt NFC, due to the high cost of enabling infrastructure, Tim Walter, Nashua Mobile‘s executive head of marketing, has told ITWeb. “SA’s big four banks, however, remain optimistic regarding the future of mobile NFC in SA, despite incumbent challenges,” the publication reports.