MasterCard launches contactless mobile payment solution in Belgium

MasterCard is launching its contactless payment service in Belgium, supporting NFC payments from smartphones.

MasterCard is launching its contactless payment service in Belgium, supporting NFC payments from smartphones.

Currently being implemented by local MasterCard personnel, the new payment technology has been developed in collaboration with several partners such as Mobistar, which will be implementing the payment solution later this year, Oberthur Technologies, PrePay Solutions and Penrillian.

The key advantage of contactless is that it is quick and easy for both consumer and merchant, and gives incentive to both to use their payment device over cash.

The NFC-enabled-phone allows consumers to make everyday purchases by simply tapping at a contactless terminal at the merchant location. The final transaction amount will be deducted directly from the customer’s account, similar to a standard card payment.

David Dechamps, general manager at MasterCard Benelux, said: “We are very enthusiastic about the introduction of mobile payments. Payments via smartphone have been on the rise the last couple of years, but the technology has always been restricted to an ecommerce environment.

“From now on, consumers can transform their smartphone to an actual wallet and conduct payments at contactless terminals in regular shops. This means a huge boost of ease-of-payment.”