NBK Partners with Zain to trial Mobile Payment System
October 20, 2009
Starting October until April 2010, NBK will launch the first EMV Chip compliant NFC Visa payWave mobile payment trial in the Middle East. The trial will allow 500 selected NBK cardholders to download their Zain Visa credit card account details directly onto their Nokia 6212 handset over the Zain network. Following that, customers can then make purchases at any one of the 100 merchant partner outlets at Kuwait’s largest mall, The Avenues by simply passing their phone over the Visa payWave reader at the point of sale.
Entry Filed under: Technology. Tags: Kuwait, mobile, nbk, nfc, nokia, q8, Technology, visa.
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1.
Bashar | October 21, 2009 at 12:01 pm
Actually, it does seem RFID
http://en.wikipedia.org/wiki/Near_Field_Communication
2.
MBH | October 21, 2009 at 12:17 pm
It IS RFID. NFC is just an acronym for its fancy name.
Thanks Bashar! Saved me the trouble of searching :p
3.
Bashar | October 21, 2009 at 12:22 pm
MBH: But you couldn’t resist reconfirming :)
4.
MBH | October 21, 2009 at 12:24 pm
Because you said “it seems” while it IS in fact the same ;p
5.
Bashar | October 21, 2009 at 12:27 pm
That’s just a more polite way of saying IT IS :)
6.
Marzouq | October 26, 2009 at 2:12 am
I’m curious to see how this is going to work out!
7.
Ms Loala | October 29, 2009 at 9:47 pm
This is only a test and we’re speculating it ain’t working either. They didn’t implement a tool or a feature which prevents unauthorized usage in case of theft. Besides, i’d rather carry a small card than a palm sized phone which would occupy an extra space in my bag.
It’s a waste of money rather than raising the staff’s salaries if you’re asking me ;\
8.
MBH | October 30, 2009 at 1:01 am
Ms Loala,
It’s a failed project to begin with. The phones that have RFID are very limited and no one would restrict themselves to such phones, or care to carry an extra phone for payment.
M-Net had what is required, but the marketing wasn’t good enough, or maybe the people weren’t ready.