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December 15, 2014updated 27 Jul 2022 4:35pm

Smart launches sticker-based payments technology with Citi

Smart e-Money, the digital financial solutions unit of Philippines-based Smart Communications, in partnership with Citi Philippines, has launched a new sticker-based payments technology Charge2Phone (C2P) for the Filipino consumer.

By Verdict Staff

Smart e-Money, the digital financial solutions unit of Philippines-based Smart Communications, in partnership with Citi Philippines, has launched a new sticker-based payments technology Charge2Phone (C2P) for the Filipino consumer.

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The C2P technology provided with the support of Visa will allow Filipinos to pay for purchases up to PHP2,000 at various merchants using Visa payWave technology through their mobile phones, reported manilastandardtoday.com.

Besides facilitating face to face transactions, C2P will enable users to use their mobile number instead of their 16-digit credit card numbers for online purchases.

The new technology, which utilizes a sticker-based Near Field Communication (NFC) payment solution, will be initially available to Smart and Sun post-paid subscribers via a separate credit card line provided by Citi Philippines.

PLDT Group and Smart chairman Manuel Pangilinan said: “C2P raises the bar for mobile-enabled payments, allowing our subscribers convenience using their mobile phones.

“A product of our collaboration with Citi Philippines and Visa, C2P supports our mutual interest to expand the ecosystem for digital payments, particularly in emerging markets like the Philippines. This is a strategic pillar in our portfolio of digital lifestyle services.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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