SingTel and Visa have announced a strategic alliance that will enable consumers in Singapore and Australia to pay for goods and services using their smartphones at all Visa payWave acceptance points worldwide.
Via SingTel’s mCash, mobile money solution, subscribers just need to wave and pay with their NFC-enabled smartphones for daily necessities such as coffee, fast food, groceries and movie tickets at any of the 12,000 Visa payWave acceptance points in Singapore and over 100,000 across Australia. Payments will not be limited to Singapore and Australia, and will extend beyond NFC transactions.
Subscribers will also be able to make eCommerce purchases online by entering their Visa prepaid account number linked to their mCash account. This new service with Visa is expected to be launched in early 2014.
