Firms in Brazil to launch new mobile payment services

Comments "It will be a hudge challenge to deploy an NFC program in a country surch as Brasil. To roll out NFC Merchand equipements is a challenge in itself."


Extract "Claro SA, America Movil’s Brazilian wireless unit and the Brazil-based Bradesco, one of the largest banks in Latin America, announced yesterday that they will launch two new mobile payment services next year.
The solutions result from a joint venture the companies made in 2011 named MPO (Mobile Payment Operator).
Both products, a co-branded virtual wallet tied to a mobile line and a solution to enable transactions via NFC (near field communications) are in the initial development phase."

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