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.
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.
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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.”
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