Several electronics and handset manufacturers in conjunction with Visa are showing off trials of mobile contactless payments at MWC. The demos are showing the results of months of collaboration that have resulted in the first ever SIM-based NFC payments.
The companies participating in the demo have provided about 400 handsets for guests at MWC to use at the show. The handsets are Samsung Star NFC devices using Telefonica SIM cards from O2 with €60 of airtime credit and running a La Caixa Visa Mobile Payment App. The participants can use the NFC handset to pay for food and drinks at the show.
The handsets are used to pay for food and drinks by simply holding the Samsung phone against the contactless terminal at participating merchants to buy items under €10. Purchases over €10 require a pass code that the user keys in before holding the handset near the terminal.
The transactions are authorized online and the funds are deducted from a La Caixa Visa account. The demonstration is to show how easy the system is to use and the participating companies plan to roll out a service for consumers around the world soon.