Sunday, August 5, 2012

Thousands of Singapore Merchants Involved for NFC Enabled Nation

News3 new results for NFC Mobile Payment
Mobile Commerce Sees Staggering Growth
Daily Deal Media
mobile commerce, mobile payments, This week Google released an update to Google Wallet, their NFC mobile payments application for Android, which moves the service to the cloud and expands support from just MasterCard to include Visa and Discover ...
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Daily Deal Media
Singapore on the cusp of becoming an NFC-enabled nation; thousands of ...
SGentrepreneurs (press release)
Gemalto, a global digital security company that is leading an NFC consortium in Singapore, has announced that it is finally ready to launch a slew of NFC-enabled mobile payment services. The consortium, which consists of Citibank, DBS, EZ-Link, and all ...






Singapore on the cusp of becoming an NFC-enabled nation; thousands of merchants involved

August 3, 2012 by      Email the Author
Previously, we’ve written that 2012 could be a big year for Near-field Communication Technology. Today, Singapore has taken a big step towards making it happen.
Gemalto, a global digital security company that is leading an NFC consortium in Singapore, has announced that it is finally ready to launch a slew of NFC-enabled mobile payment services.
The consortium, which consists of Citibank, DBS, EZ-Link, and all three mobile operators in Singapore — M1, SingTel, and StarHub,  is supported by the Infocomm Development Authority of Singapore (IDA).
If you’re hazy on what NFC is, it is essentially a technology that, among other uses, turns smartphones into mobile wallets. It essentially eliminates the need to bring out physical wallets and credit cards.
The technology, however, is complex and has many moving parts, hence the need to set up a consortium to develop the necessary infrastructure and ecosystem. About US$40M in total will be pumped in by the consortium and IDA to develop the infrastructure. Gemalto itself is responsible for developing a secure, unified, and comprehensive third-party infrastructure for NFC services.


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SGentrepreneurs (press release)
Mobile Commerce in Virtual and Augmented Reality
SBWire (press release)
This research includes evaluation of NFC, NFC vs. Cloud Payments, impacts and opportunities with LTE, mobile payments market forecast, and more. It also provides analysis of Augmented Reality can be used in social selling and social media interaction.
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