Melisande Mual
05 Oct 2017 / 5 Min Read
Geo Payment is an electronic payment that allows a seamless transfer of money using mobile phones, without having to add the bank details of the recipient.
The Bank said the new payment system authenticated by means of the banking application’s existing programming interface.
A transaction occurs when both the sender and the receiver switch on the location button on their phones to identify one another. The sender or receiver will not pay any commission for the transaction and it works within a 5km radius.
Melisande Mual
05 Oct 2017 / 5 Min Read
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright