Banks and securities firms in India to invest heavily in contactless payment; IT spending to increase to $9.1 bn: Gartner
Firms in the banking and securities industry are investing more in devices to upgrade their existing infrastructure.
The city-based ToneTag provides (near-field communications NFC), payments and location-based services using sound wave technology.
Worldwide mobile payment transaction values will reach $235.4 billion in 2013, a 44 percent increase from 2012 values of $163.1 billion, according to Gartner.
Mastercard unveiled its bid to dominate the mobile payments market on Monday with a 'virtual wallet' allowing customers to keep personal payment details in their phone...
There are rumours of HTC working on an NFC-enabled device, too.