BSP announces new NFC mobile payment service


Bank South Pacific announce this week that its EFTPoS devices are now equipped to accept payments via the Near Field Communication (NFC) Mobile Payment service.

NFC technology gives customers the option to carry out contactless payments through the use of wearables, such as a watch, or payments via the wave of your smart phone over point of sale terminal (EFTPoS).

There is a wireless data transfer between the device and point of sale terminal (EFTPoS), providing an elevated customer payment solution. 

The enhancement to BSP’s EFTPoS payment capabilities was demonstrated on Monday 15 July, 2019 by BSP’s Retail General Manager, Mr Paul Thornton who made a purchase via a BSP EFTPoS device through the use of his smart watch.

LEFT TO RIGHT: BSP Visa Debit Chip Card waved over the EFTPoS device to do payment, purchase via a BSP EFTPoS device through the use of a smart watch, Customer using her Smartphone to do purchases.

“This technology is used worldwide, and with BSP’s EFTPoS enhanced capability, the payment method can now be used on BSP’s devices ensuring ease of payments and swift response,” said Mr Thornton.

BSP is focused on delivering an improved customer experience by anticipating market needs and aligning infrastructure and systems accordingly. The bank is confident that the contactless technology will help pave way for more usage of the EFTPoS terminals in PNG.

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  1. NFC chips cost money, and so when added to a phone, they make phones cost more.
    POS terminal are not cheap.
    QR code payments, on the other hand, demand no such extra hardware requirement, and so, using QR codes would be more affordable for png consumers and retailers.


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