Dubai, April 4 (WAM) Mashreq, a leading financial institution in the United Arab Emirates (UAE), has launched a new mobile payment solution called Tap n Go that is expected to redefine the world of mobile payments. IANS | 7 months ago


This UAE'a first near field communication (NFC ) sticker solution, the Tap n Go sticker makes low-value purchases exceedingly simple by converting any mobile phone of any generation into a credit card that can then be used to make contact-less payments at thousands of retail outlets in the UAE and abroad.

The newly launched Tap n Go is already accepted at over 4000 merchants and growing in the UAE.

"Today spells the first day in the demise of the credit card as we know it in its plastic avatar here in the GCC if not in the EMEA (Europe, the Middle East and Africa) region," Farhad Irani, head of retail banking group at Mashreq, said at the launch Thursday.
"
"A first of its kind created to deliver delightful convenience and enhanced control with just a tap of the phone. No signature, no PIN, no paper! I wish every citizen of the UAE many smart and happy moments with Mashreq's Tap and Go revolution," he added.

The sticker is powered by the latest NFC technology that helps it to communicate wirelessly and securely with payment terminals, allowing transactions to be processed instantly.

The sticker needs to be simply fixed to the phone and it is ready for use, exactly like a credit card. All purchases less than 100 dirhams (around $27) require no signature.

(Posted on 04-04-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |

TRAVEL MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |