Article

  Comment(0)

 
Share:    Email  

South Africa: Mobile Payments in Stellenbosch Without GSM

AllAfrica

Wednesday, May 9, 2012 - 10:35

A new application that runs on iPhone and iPad could see Stellenbosch become the first South African city where you do not need cash, as a geo-fenced mobile payment system, Gust, approaches its Beta trial in June 2012.

A new application that runs on iPhone and iPad could see Stellenbosch become the first South African city where you do not need cash, as a geo-fenced mobile payment system, Gust, approaches its Beta trial in June 2012.

MXit staff have been using Gust wallets, which runs on iPhones with merchants on an iPad. When two devices are close to each other, the merchant can request a payment from the mobile phone user.

Unlike other payment systems, which use geo-fencing logic, this does not need a GPS device or even a GSM connection.

It uses wifi, the user's name and photo to make a payment. Devices on the same wifi network will discover each other. All communication happens over the wifi network, which makes the payment process very fast.

"Quick, reliable"

"The idea with the project was to design a really quick and reliable mobile payment experience without NFC," says Joe Botha, CEO of TrustFabric.

 

Read the full story by clicking the link below
http://allafrica.com/stories/201205090942.html
 
Tags: NFC, EMEA, Mobile Payment, South Africa, Mobile App, GSM, Gust, TrustFabric

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network