Mobile Phones as Alternative to Credit Cards

A venture firm of citi group launched a new scheme to Bangalore customers to use their Mobile Phones as Credit Cards.

Eligibility to get this opportunity: Nokia branded mobile phone, Credit card from MasterCard and Network connection from Vodafone. This alternative scheme removes credit card from your pocket and at the same time Mobile phone gets one more advantage.
In this project citigroup uses NFC Technology to process transactions. In this pilot project, This service available only for 5000 customers. This project may expandable to other cities in India.
Source:NDTV Tech News
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