Mobile Payments could soon start in Brazil

There’s a surge of interest in mobile payments in Brazil at the moment if this video is anything to go by. Developed by the Nokia Institute of Technology, the application works on Nokia’s C7, N9 and the 701.

There are no connections to POS terminals at the moment, instead both the customer and the vendor must have one of the aforementioned phones with the application installed while payment is made, resembling more of a peer-to-peer payment solution. Interestingly the card card link is with a PayPal account. Could this be PayPal also moving in on the brazilian payment market?

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Categories: Contactless Payments, Contactless Technology, Mobile Payments, Near Field Communications, Video

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