Related Links
 
 
 
 

Fast fact:
'The current system of billing to the mobile phone account is the main inhibitor of higher value m-commerce' - Upaid survey among industry insiders, March 2006


Visa signs Jordan's Fastlink to m-payments platform
Source : Finextra.com

Finextra.com

(6 July 2005)

Visa Cemea has signed Jordanian mobile phone operator Fastlink to the SMS-based m-payments system it has developed in partnership with Anglo-French mobile payments specialist Upaid.

The service enables pre-paid mobile phone users to recharge airtime direct from a Visa card account by sending a SMS/text message.

The Upaid technology enables multiple banks and mobile operators to connect to a host platform that processes transactions. The Upaid system handles the transfer of ISO 8583 authorisation and top-up message requests between the bank and the operator and authenticates the end-user, based on MSISDN and PIN numbers.

Visa says Jordan is the first in a series of markets to launch the m-payments system, with Serbia and Morocco to follow in the coming months. Hilary Mitchell, head of mobile commerce, Visa International Cemea, adds: "By the end of the year we expect to have launched Visa's solution in an additional five Cemea markets."

 
> Back to top