Flip through the latest issue of Gulf Weekly.
Paying with a mobile phone is gradually become a reality for consumers, with banks, telecommunications operators and internet players all jumping in to offer payment options.
But while one group is pushing for a system of payment through an electronic wallet hosted on the web, another is investing in an infrastructure that would allow customers to pay by swiping their phones against a reader.
The latter, championed by internet giant Google and leading telecoms operators, is made possible by so-called ‘near field communication’ technology.
It requires buyers to have specially equipped telephones, while sellers need to have new payment terminals installed. Yet it is the method preferred by both operators and banks, and particularly appears destined for developed countries.
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