5 things to consider before upgrading your SIM card to pay for bus, train rides

SINGAPORE – Commuters can finally tap with their phones to pay for bus and train rides. This follows two years of Near Field Communications (NFC) mobile payment trials by the Land Transport Authority.In short, NFC short-range wireless communication technology allows for data transmission between a mobile device and a contactless card reader.It had several false starts in Singapore dating as far back as 2003, when the Infocomm Development Authority (IDA) promoted the use of cellphones to pay carpark charges.

Sourced through Scoop.it from: news.asiaone.com

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