The trial, which uses near field communication (NFC) technology, enables participants to load their existing GE Capital credit card on to their 2degrees Samsung Galaxy S III smartphone.
Moreover, the trial doesn’t require any accounts or funds to be pre-loaded on to the phone, as users can pay for goods and services by credit card directly from their smartphone.
Approximately 10,000 contactless terminals are live in New Zealand, with the technology being embraced by a number of retailers, including Progressive Enterprises (Countdown), Bunnings, Kmart, The Warehouse, Resene, Repco, Z Energy and BP.
The trial, which is being carried out in collaboration with digital security company Gemalto, is set to run for three months with participants providing feedback at different stages to assess and monitor its performance.
In recent news, New-Zealand based electronic payments provider Paymark has entered an agreement with mobile network operators Vodafone, Telecom and 2degrees to launch a mobile wallet joint venture.
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