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Singapore in a position to provide some public services and buying goods with their mobile phones to pay for the Infocomm Development Authority, a mobile payment platform services.The industry Infocomm Development Authority of Singapore (IDA) to support the He called for called for developing cooperation with the industry on 18 November for a mobile payment platform CFC services.The next generation of electronic payment systems is part of the IDA program with near field communication target the adoption of mobile payment services take the (NFC) to accelerate the develop location-based transaction possible.
According to IDA, the project "an NFC infrastructure secure, interoperable, scalable and provides an effective means to open and all mobile customers to providers of services for NFC mobile services cost." Will set in February 2009, mobile operators, banks and payment services interoperable NFC mobile payment system providers in the industry working on a trusted third party (TTP) infrastructure through the IDA, Singapore Land Transport Authority, Finance Monetary Authority and the Ministry agreed to 11 players.
TTP for the banks, payment providers and other service providers, mobile operators are connected, so mobile users (Singapore mobile phone penetration rate is 137 per cent) to use each service, regardless of which mobile provider perspective with.It the end, Ida said NFC duplication of infrastructure and trust of all parties for security products and services to meet the requirements, payment services to begin with.
Since last November, IDA contactless payment terminals in public areas and retail outlets throughout the Singapore network. Authorities NFC CFC free air and equipment for the rules set off up a framework 1 February 2011 and awarded in May or June 2011.Implementation was launched in the first quarter of 2012 in order to eight months, together at least two to three NFC Mobile Payment services.A NFC mobile payments and NFC with the hope of three value-added services will be expanded within 12 months after commissioning.
