Contactless RFID Chip

Contactless payment is gaining traction these days and there are more and more demands from various businesses requiring fast and efficient payment mechanism.

We are not just talking about cutting short the customer service queue length but also improving the payment transaction processing and bringing customer's convenience to a higher level.

One such example was an implementation of contactless payment (or sometimes called proximity payment) at the MRT stations in Manila, Philippines circa end of 2006.

The project involved launching of an RFID chip (using MiFARE chip technology) containing stored monetary value to be sold to the general public primarily for train fare payments. The infrastructure to support this proximity payment also involved various facilities being installed at all the 13 train stations around the city transit line to allow balance checks and reload of the stored value on chip called "GPass".

One of the partners in this initiative is none other than Globe Telecoms which has also successfully launch "GCash" that has created a big wave in the microfinance arena using mobile phones.



And this is definitely not going to be the last of its kind. We are predicting a wider usage of this technology in more businesses and will likely to extend its availability to the mobile channels.

Your phone will one day replaces your wallet even the payment instrument such as credit or debit cards.