Today at the Mobile
World Congress, MasterCard
announced the launch of NFC (Near Field Communication) payment services
in Brazil, using MasterCard's Mobile PayPass technology. The
project, launched in partnership with Itaú, TIM, Redecard, and Gemalto,
will provide consumers with greater convenience and speed when shopping,
through a more secure, intelligent and simple payment option.
Using Mobile PayPass, a consumer can simply tap their PayPass-enabled
smart phone onto the merchant's NFC enabled POS from Redecard, and the
payment is made instantaneously. Purchases are charged to a virtual
account stored in the account holder's smart phone and billed via the
account holder's Itaú issued statement, very similar to the way
See full press release
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