Mobile phones could replace credit cards

Mobile money transfer service WING is preparing to launch a mobile wallet service later this year, and ACLEDA Unity is preparing to expand its own mobile services, enabling people to quickly pay for things just by touching their phone to a point-of-sale terminal. Near-field communications (NFC) technology will be the next addition to WING’s mobile platform to be used for smaller payments, such as purchasing a cup of coffee, as the company tests the service later this year, according to WING chief operations officer Anthony Perkins. “What we really want to tackle here is near-field communication like the Oyster Card in London or similar services offered in Japan and Australia,” he said. …

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