- NFC Mobile Payment Solution - SIMpass™
Mobile proximity payment is gaining a global momentum, allowing people to use their handset for shopping, bus, subway, access, parking, gas filling by simply tapping their mobile phone onto the contactless reader.
Juniper Research predicts that up until 2011, 12% of handset users will join in the mobile proximity payment camp, meaning 470 million new users to come.
SIMpass is a SIM card-based mobile proximity payment solution. Inserting a SIMpass card into the handset, subscribers could then tap the handset for contactless micropayment. Users could also fulfill OTA top-up through STK or SMS.
Benefits for telecom operators:
-Use more value-added services to increase revenues and subscriber loyalty
-Strengthen their brand
-Make up for the deficiency of mobile service outlets
Benefits for banks:
-Reduce the operation cost
-Provide more services to clients
-Increase commission revenues
Highlights of SIMpass:
-High security: same as what financial sector requires
-Cost-effective and ease of deplyment: only a new SIMpass SIM card is needed.
-Interoperability: open to multi-function including transportation, shopping, public utility, authentication, finance, etc.
-Mature technologies: stable performance, rich experience in both Chinese and international projects
Products included in the solution: