The wallet phones work by sending data at high speeds
and securely over the Mobile Wallet Gateway. The registered merchant numbers
will be activated to recognise the transactions.
The handsets have built-in security to stop others using the service by
using dual-layered password protection system.
Mobile wallet is a much more versatile application that
includes elements of mobile transactions, as well as other items one may find
in a wallet, such as loyalty cards and travel cards.
With mobile wallet, the user can use their mobile phone to pay transactions at
merchants that accept mobile payments.
To do this, the user just needs to upload digital cash from a credit card
or top-up via ATMs into their mobile phone and pay with their mobile phone
at payment counters. |
