Two Degrees Mobile, a New Zealand-based mobile phone provider, and GE Capital have begun trial of their new mobile wallet, which allows users to make payments by credit card through their mobile devices.
Using Near Field Communication (NFC) technology, the mobile wallet allows users to load their existing GE Capital credit card into their 2degrees Samsung Galaxy S III smartphone and make instant payment for purchased goods and services.
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The trial, which will run for three months, is being carried out in collaboration with Gemalto. Through the trial, participants will provide feedback at different stages to assess and monitor its performance.
2degrees chief marketing officer Malcolm Phillipps said, "This trial is an important pre-cursor to the wider industry initiative and allows us to push technology boundaries and test how a credit card and our existing mobile payment system with Snapper will co-exist."
GE Capital consumer general manager Hadyn Halls said as the largest non-bank lender in the country, they have a long and successful history of providing consumer finance across a broad range of partners.
"Through our network, we have extensive visibility to what’s happening in the retail space, and this partnership demonstrates that we are at the front of the curve when it comes to payment innovation.
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By GlobalData"Near Field Communication represents an exciting shift in payment history, and we’re proud to be involved in helping to deliver a world-class and highly secure solution," Halls added.
