MOBILEWALLET

9

Gadgets and Gizmos (India) - - MOBILES -

With Near-Field Com­mu­ni­ca­tion (NFC) com­ing to smart­phones, ev­ery­one is ex­pect­ing a grad­ual de­cline in the use of plas­tic cards and cash. Dig­i­tal transactions might still be a dis­tant dream for most of In­dia, but lo­cal ser­vices have started scratch­ing the sur­face. Air­tel Money is a spe­cial ser­vice that works on the cell num­ber. Users recharge their ac­counts and these can be used to make phone and elec­tric­ity bill pay­ments from the mo­bile. Some cof­fee shops have also started ac­cept­ing Air­tel Money pay­ments. Smart­phones are also re­plac­ing swipe ma­chines for small busi­nesses and at homes us­ing a spe­cial ac­ces­sory at­tached to the phone’s 3.5mm jack. Some­time back MTS launched a pi­lot ser­vice called mPoS (Mo­bile as Point of Sale) that was de­signed to suit the needs of re­tail­ers, home-de­liv­ery based ser­vice mod­els like e-com­merce play­ers, food chains, pizza de­liv­ery out­lets and com­pa­nies with di­rect sales. The ser­vice al­lowed users to swipe debit/credit cards with the por­ta­ble card reader ac­ces­sory and use the ap­pli­ca­tion to process the trans­ac­tion.

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