This near field communication (NFC) sticker solution, the Tap n Go sticker makes low-value purchases by converting a mobile phone into a credit card that can then be used to make contactless payments at a number of retail outlets in the UAE and abroad.
The newly launched Tap n Go is already accepted at approximately 4000 merchants in the UAE.
The sticker needs to be fixed to the phone and it can then be used just like a credit card. Purchases less than 100 dirhams (around USD 27) require no signature.
In August 2013, Mashreq Bank, MasterCard and Canadian technology provider Swiff entered a definitive agreement.
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