Three services are currently available for NFC wallet users, including MobileMasterCard PayPass payment card of Tinkoff Credit Systems bank, transport cards from some Russian regional centers and geolocation-based coupon service.
i-Free has developed both NFC wallet and TSM platform for mobile contactless technology, which meets the highest safety standards and are protected from attacks on the software and hardware level.
Comprising NFC wallet and TSM platform, the package service considerably boosts a smartphone’s capabilities by transforming the devices into universal storages of any modern smart-cards and respective applications.
The new system downloads the payment, transport and any other cards by just using a card at a point-of-sale to touch the contactless reader supporting MasterCard PayPass technology.
Commenting on the technology, Tinkoff Credit Systems bank management board member Anatoly Makeshin said that the NFC wallet units offer both high usability and speed, marking a step ahead into future payments.
Besides providing basic functions of Mobile MasterCard PayPass card downloads and use in retail and service shops, NFC wallet also provide payments for goods and services inside the application.
Headquartered in St Petersburg, i-Free also has an office in Moscow, with products and services available in more than 100 countries.
