Published by: GSM Association

The concept of using Mobile Phones to make Mobile Contactless Payments (MCP) in a secure and convenient manner is considered to be the next logical step in the development of mobile applications and services. Since Mobile Phones have become a pervasive commodity today, the consumers will clearly benefit from the ease and convenience of paying for goods and services using this new payment channel. In the context of the present document, the MCPs using the Mobile Phone are based on Near Field Communication (NFC) technology while the payment application(s) are resident on the Universal Integrated Circuit Card (UICC).

Continued in report…