Mobile Payments

Banco Sabadell, Telefonica pilot NFC m-payments in Spain

Monday 25 March 2013 | 01:27 PM CET

Spanish financial institution Banco Sabadell has launched an NFC payments pilot in partnership with telecommunication services provider Telefonica and BlackBerry.

Customers taking part in the pilot receive an NFC-enabled BlackBerry Curve smartphone with their Visa bank card details stored in the SIM. Customers can then use a Telefonica mobile wallet app on their phone to pay for goods at contactless POS terminals while also keeping track of their spending.

In recent news, Telefonica and MasterCard have set up MFS, a company which is set to develop payment solutions using mobile technology in Brazil.

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