Near field communication (NFC) is the technology that allows consumers to tap and pay for purchases with their cellphones. -- PHOTO: CASSIS INTERNATIONAL
IN SLIGHTLY more than a year's time, Singaporeans could well be using their cellphones, instead of their ez-link or Nets FlashPay cards, to gain entry into train stations or pay for meals and groceries.
That is when a new wireless standard known as near field communication (NFC) is expected to be rolled out in Singapore.
The Government on Thursday announced that it will appoint a consortium to spearhead the building of such a national platform for mobile payments.
The Infocomm Development Authority of Singapore (IDA) also said it may co-fund this new infrastructure, but the amount will depend on the proposal.
Key to the consortium will be a company known as a trusted third party (TTP), which will build and operate the NFC payment infrastructure.
The TTP will work with two types of partners - telcos like SingTel and StarHub and card issuers like banks - to roll out the system by February 2012.
p/s: BILA LA MALAYSIA NAK ADA TEKNOLOGI CAMNI EK ??
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