DBS one.tap – NFC contactless mobile payment

DBS is the first bank in Singapore to introduce contactless payments using mobile phones. DBS one.tap is a DBS MasterCard PayPass credit card. As the advert points out, with just one tap of your NFC enabled smartphone, this credit card allows you to pay for goods and services quickly and securely at more than 20,000 DBS and MasterCard PayPass merchant acceptance points in Singapore.

 

Existing DBS/POSB cardmembers can apply for DBS one.tap in one easy step, using their DBS/POSB iBanking account.

Interestingly, this seems to be a complete wallet – with payment, ticketing, loyalty, booking and couponing all combined within one application. The video has only been up a few weeks so it seems as thought it is the very start of the introduction but I look forward to getting some results about the take-off rate. Singapore is very technology orientated and for a small country it has a fairly contained economic eco-system which should allow this kind of  introduction to flourish in the extreme.

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Categories: Mobile Payments, Mobile Wallet, Near Field Communications

Author:Steve Atkins

Steve Atkins is the main contributor and Editor in Chief of Contactless Intelligence – covering contactless, NFC, mobile and cloud-based technologies. Even with almost twenty five years of experience in the high tech industry, he is still fascinated with all kinds of technology and the impact it has upon end users. He is currently based in Berlin, Germany.

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One Comment on “DBS one.tap – NFC contactless mobile payment”

  1. August 31, 2012 at 4:46 pm #

    Reblogged this on ytd2525.

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