OTP Launches NFC Mobile Payments
- 22 Jun 2017 8:00 AM
OTP bank has launched a near field communication (NFC) payment system for mobile phones. The tap-and-pay service will initially be available only for OTP bank clients who possess MasterCard or Maestro bankcards and a mobile phone that can handle NFC with an Android version of 4.4 or higher.
The new service is available through the mobile application OTP Simple. The owner of the mobile phone must unlock the phone for payments and will have an opportunity to link the phone code to his or her PIN code, making payments for transactions requiring a PIN automatic as well.
Source: Hungary Around the Clock
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