SingTel and Visa have announced a strategic alliance that will enable consumers in Singapore and Australia to pay for goods and services using their smartphones at all Visa payWave acceptance points worldwide.
Visa is working with SingTel to link Visa prepaid accounts to mCash, SingTel’s mobile money solution. Planned for launch in early 2014, the service will allow mCash customers to wave and pay with their NFC-enabled smartphones for daily necessities such as coffee, fast food, groceries and movie tickets at Visa payWave acceptance points. There are currently more than 12,000 Visa payWave acceptance points in Singapore and over 100,000 across Australia.
Payments will not be limited to Singapore and Australia, and will extend beyond NFC transactions. Customers will also be able to make eCommerce purchases online by entering their Visa prepaid account number linked to their mCash account.
For selected merchants that accept Visa payWave in Singapore, click here.