Visa Starts Mobile NFC Payments In Malaysia

Visa has teamed with Malaysian operator Maxis and bank Maybank to launch a Near Field Communications (NFC) service using the credit card company’s payWave technology. The service is dubbed Maxis FastTap and lets customers pay by waving the handset in front of a contactless reader, as well as pay for toll, transit, parking and theme park charges. 1,800 merchant outlets have signed up to accept the payments. It’s the first commercial deployment of Visa’s payWave service, according to TelecomAsia. The service is currently only on one handset, the Nokia (NYSE: NOK) 6212 classic with an embedded NFC chipset.

Comments have been disabled for this post