Vodafone Introduces SmartPass Solution
Vodafone and Visa launched the Vodafone Wallet and Visa SmartPass service. The agreements increase the reach of V.me by Visa and as a result, Visa expects many more retailers to have access to V.me and be capable of processing transactions by the end of 2014. SmartPass is the first service to offer consumers in the Netherlands the chance to make secure, easy contactless payments using their mobile phone. The service will work on any contactless payment terminal in Europe that displays the V PAY logo. Users will also be able to transfer money to each other’s SmartPass accounts using the service. The Vodafone SmartPass payment service has been developed with Visa and is based on a prepaid Visa solution. For transactions under €25, customers can pay easily and conveniently by simply touching their mobile phone to a contactless terminal showing the V PAY logo. For transactions over €25 the customer will be invited to enter a passcode to verify their purchase.
