i-Free rolls out upgraded NFC-based wallet in Russia

Tuesday 12 November 2013 00:00 CET | News

Russian-based i-Free has unveiled an enhanced functionality in its ‘Wallet’ mobile app.

The upgraded i-Free NFC-based wallet accepts and stores contactless transport cards. This enables public transit passengers to pay fares in 11 Russian cities by touching their mobile phone to a validator device.

The same app will also be used to acquire, store and manage discount coupons. Using NFC technology and QR codes, ‘Wallet’ is officially available for 8 smartphone models from HTC and Philips.

The NFC mobile app uses i-Free TSM (Trusted Service Manager) platform, which has been certified by MasterCard. The MasterCard certificate authorizes the remote issuance of MasterCard Mobile PayPass payment cards to mobile phones worldwide.

In addition to the contactless bank and transport cards, i-Free NFC-based wallet can be used to store an array of discount coupons. The i-Free platform enables users to purchase a number of coupons with a click inside the app using any bank card that has been loaded into the ‘Wallet’.

i-Free is a developer and implementer of projects in mobile and NFC technology, electronic finance, digital content distribution, electronic payments and micropayments, applications for smartphones and new network devices, digital products for the B2C market, and B2B projects in mobile marketing. Outside Russia, i-Free has offices in Kiev (Ukraine), Minsk (Belarus), Almaty (Kazakhstan), Mumbai (India), Beijing (China) and Sao-Paulo (Brazil).

In recent news, i-Free has launched an NFC-based wallet embedded in smartphones and a TSM platform in Russia and CIS.

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Keywords: i-Free, NFC-based wallet, mobile payments, mobile wallet, contactless transport cards, NFC technology, QR codes, TSM, MasterCard, Russia
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce