Here is an interesting application where Visa Inc and DeviceFidelity are partnered to offer Apple iPhone users to enjoy the benefits of contactless payments. This contactless payments will break the hurdles of daily transactions and offers a secured unique identity. In this mobile world this is said to be a distinct technology that thinks beyond the data and voice process.This technology is coined under the name ‘Visa Pay Wave’ and it is based on Near Field Technology (NFC) which makes the device as a mobile contactless payment device by attaching Micro SD memory slot. Now the iPhone users can make payment in the various pay terminals by just inserting the card into memory slot of their phone.
This service is already in active stage at Malaysia and Japan and most of the US business people allow their customers to pay using this Visa Pay Wave. The works are also in full swing to equip Smartphones too with Visa Pay Wave.
Does this Facility will be available in India? What do you think Visa Pay Wave is a ‘Threat or Boon’
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