Kalixa Group, DeviceFidelity and MasterCard announced the UK launch of the moneto prepaid wallet. The wallet enables near field communications (NFC) functionality on an iPhone, allowing users to tap and pay for goods at thousands of retail outlets across the country. The service will soon be compatible with Android mobile phones, and is set to be rolled-out across other European countries in the coming months.
moneto integrates NFC technology into a consumer’s mobile phone using the DeviceFidelity patented microSD NFC technology and combines it with an application to offer the convenience, control and flexibility of prepaid in a secure and mobile environment. Users can access account information on the move, check their balance in real-time, locate merchants and ATM’s and, unique to moneto, make wallet-to-wallet transactions.
“The UK is one of the fastest growing prepaid markets in the world and is a leader in terms of NFC and contactless acceptance at the point of sale. By enabling iPhone users to make smart, simple and secure NFC transactions we are taking an enormous step towards making mobile money an everyday reality for consumers,” comments Ed Chandler, CEO of Kalixa Group.
“Momentum behind NFC technology continues to gather pace around the world, and moneto is a breakthrough service for the European market, ” continues Marion King, UK & I president at MasterCard . “Soon consumers across Europe will be able to use the moneto wallet to make NFC payments with an iPhone. The service is an important part of our strategy to develop the next generation of payments for a world beyond cash.”
moneto is powered by the issuing, processing and acquiring technology that is behind Kalixa’s flagship prepaid MasterCard, Kalixa Pay.
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