Finnish Firm Cooperates with Thai Bank on Mobile Payment

The Finnish company Venyon, which provides Near-field communications solutions (NFC) and services, has teamed with Kasinkorn Bank in Thailand, to evaluate contactless mobile payments in that country for a potential future service launch.

The evaluation includes an NFC mobile payment trial in Bangkok that will enable the bank’s customers to purchase goods simply by waving an NFC mobile phone over a contactless reader at a store’s point-of-sale terminal.

Purchases will be charged directly to the customer’s Kasikorn Bank credit card account. Participants in the mobile payment trial will utilize NFC-enabled Nokia 6212 mobile devices to make purchases at more than 1,000 existing merchant locations in Thailand.

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