Page 1 of 2Phone wallet for contactless payments on South Africa’s transport network
Proxama has announced that its revolutionary mobile wallet will be a key component in the technology that could soon allow contactless mobile phone payments to be made on a transport network similar to that supporting the transit system in Johannesburg, South Africa.
The mobile wallet, which uses near field communications (NFC) technology, is being demonstrated at a number of trade fairs in the coming weeks, with the expectation that it will be adopted in the near future.
Pre-pay
Mobile users can fund a pre-paid application in their phone’s secure memory using Proxama’s mobile wallet – a software application that’ll be built into their devices – with an online transfer from a pre-paid account or with cash at a special loading station.
It will then allow them to buy tickets and to pay for fares on the public transport network simply by tapping their device on a contactless payment terminal – much like you do with a contactless credit or debit card.
Transit Network and Traderoot
The new system has been developed in partnership with two organisations who have set up the contactless card payment platform currently in use on the South Africa Transit network - Aconite, a leading provider of smart card and mobile software services, and Traderoot Africa who provide the Universal Pre-paid Issuing Platform (UPIP) which is integrated with Aconite’s contactless Prepaid Value Manager (PVM) solution.
Proxama’s mobile wallet supports the global EMV (Europay MasterCard Visa) payment system which means it will support all EMV-based mobile payment programmes, worldwide.
