Nokia & Visa launch partnership = global mobile credits comes to reality

Big mobile related news keep on rolling in as Nokia and Visa released their co-operation plans for combining credit card features to upcoming Nokia phones. Combining payment systems to mobiles is nothing new by itself, but until now mobile payment systems have been restricted mainly to trials and country specific solutions.

In use, the Nokia and Visa solution means that phone users will be able to pay for purchases globally by swiping a phone over a reader that electronically communicates with a NFC (Near-field-communication) microchip on the phone. After that phone owner must confirm the purchase with the push of a button and the deal is complete. This kind of feature will enable contact-free payments, remote payments, person-to-person payments, and mobile coupons with worldwide solutions.

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