Nokia recently announced plans to deliver Visa payment and payment-related services for Nokia’s next generation handsets beginning with the Nokia 6212 classic, expected to be available starting October 2008. This will accelerate the migration from paper forms of payment to digital money.
During the initial period, interested financial institutions will allow consumers with the Nokia 6212 classic to use their Visa account to use the services. The services include contactless payments, remote payments, money transfer, alerts and notifications.
- pay for goods and services
- initiate mobile money transfers to other individuals with Visa accounts
- receive near real-time notifications of activity on their Visa account
- “opt in” to receive offers and discounts from merchants.
The Nokia 6212 classic includes integrated Near-Field Communications chipsets (NFC) which lets the mobile device behave like a contactless payment card, where consumers simply wave it within a few inches of a special point of sale reader to complete a Visa transaction. Nokia and Visa first demonstrated NFC technology in December 2005 with the launch of the first large scale NFC trial in the United States at the Phillips Arena in Atlanta. [source: nokia]