Visa payWave uses short-range wireless Near Field Communication (NFC) technology to enable wave and pay capability. NFC is used to securely exchange payment details between a contactless-enabled mobile phone or card and a special reader at the point of sale. Consumers wave their card or mobile phone in front of the reader to make payments of up to EUR 25 (CHF 40), without the need to physically swipe or insert the card or phone into a point-of-sale device. Consumers are periodically requested to enter a PIN or mobile PIN for security reasons. Visa payWave commercial services and pilots for cards have been launched in the UK, France, Turkey, Poland, Italy and Switzerland. The Swiss mobile payWave trial follows other Visa mobile trials in the UK, France and Spain.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now