Raiffeisen International plans
to introduce a contactless mobile payments service,
CardMobile, that is meant to be the first mobile payment solution
in Austria that enables users to pay
contactless and without using any debit or credit
card.
For
CardMobile, Raiffeisen is
partnering with Visa Europe, V PAY – Visa Europe’s chip-only debit
card, and low value-payment solutions provider Cardis
International.
Go deeper with GlobalData
Raiffeisen
aims to launch the CardMobile service during the second
quarter of 2012.
CardMobile aims to allow customers to download
an app and install a microSD card in their handset – initially just
iPhones – to enable them to make low value contactless payments at
the point-of-sale.
The payment credentials would be stored in the
phone in the chip provided, which has the same security level as a
bank card, according to Raiffeisen.
Head of card service at Raiffeisen, Gerald Kubu, said in a
statement;
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By GlobalData“CardMobile provides an attractive alternative
to cash, as it does not require customers to manage any cash or
electronic wallet balance, or to look for terminals to reload their
card. At the same time, merchants will find the low costs
attractive.”
In April 2011,
Raiffeisen rolled out an all-in-one Visa branded credit card and
frequent flier card in cooperation with the airlines air Berlin
and flyNiki.
