Turkey: Large Telco and Bank Launch M-Payment with iPhone Attachment
Visa Europe is pushing a second iPhone attachment with the iCarte, which contains an NFC chip and secure element. A Visa payWave application will be stored on the secure chip and users will be able to tap their iPhones to pay at 40,000 contactless point-of-sale terminals in Turkey, at present. Eventually they will be able to get the attachment, apparently preloaded with Visa payWave, at their bank branches and telco shops. Visa Europe is also promoting an iPhone attachment that works with contactless microSD cards, a technology mainly pushed by its large U.S.-based affiliate, Visa Inc.
The Turkish bank and telco involved in the precommercial trial, Yapi Kredi and Turkcell, respectively, see the iPhone attachment as a way to launch mobile payment without waiting for full NFC phones–while keeping pace with rivals in the competitive Turkish market. One set of rivals, Garanti bank and telco Avea, are attempting to roll out devices that turn mobile phones into payment devices using flexible antennas linked to SIM cards. The Garanti-Avea project, which the parties said launched in December, stores a MasterCard PayPass application on Avea SIM cards.
* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose. N/A: Not available or not applicable. Last update: Jan. 2011