Visa PayWave: Mobile Payments On-The-Go
Visa in collaboration with Nokia have launched a new service using NFC (Near Field Communication).
The Visa PayWave service is being tested in Malaysia and allows users to make payments by just waving their phone in front a contact-free reader. The transaction will then appear on the next cell phone bill.
Currently, 1800 shops accept the system in Malaysia. Users can also take advantage of the payment method when using public transport, and at highway toll gates and car park facilities.
The image shows the Nokia 6212, the world's first NFC approved phone.