The NFC payment tags are affixed to the back of a mobile phone to enable cashless tap and pay transactions. ara eTap customers can use the NFC payment tag to load cash onto their phones from their personal bank accounts or from a special escrow account set up with Yeldi Softcom. In addition to paying for retail items, tag holders can use the application to pay utility bills, recharge mobiles or book movie and travel tickets.
Yeldi Softcom expects to launch ara eTap in the coming months and is currently signing up merchants across India to distribute the NFC payment tags and support the cashless payment application.
Identive Group provides services including identity management, physical and logical access control, cashless payment, NFC solutions and RFID-enabled applications for customers in the government, enterprise, consumer, education and healthcare sectors.
In recent news, Identive Group has launched a radio frequency identification (RFID) tag for mobile phones dubbed tomPAY.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now