Mobile phone replaces bankcard

  • 2012-08-22
  • From wire reports
TALLINN - A pilot project is to be launched for testing an innovative payment solution where the functions of a bankcard chip will be fitted onto the chip of a mobile phone’s SIM card, writes Postimees Online. As a result, bank clients would be able to make their everyday card payments via mobile phones instead of using their regular plastic cards.The pilot project is the next stage for a ten-month feasibility study whereby Eliko Tehnoloogia Arenduskeskus and EMT searched for options for using the NFC(Near Field Communication) technology in Estonia.NFC is technology that ma...
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