UK operator, O2, and phone manufacturer, Nokia, agreed to embed the Oyster swipe card used by London commuters into a mobile phone with a trial set to start next year. The mobile phones will include a built-in RFID chip that allows users to pay for train tickets by swiping the handset over the Oyster card reader.

The cost of the ticket would either be deducted from a top-up account linked to the phone, similar to pay-as-you-go mobile phone services, or be added to the customer’s monthly phone bill.

n the UK, mobile banking services have started to emerge with a number of high-street banks allowing customers to check bank balances and top-up mobile phone accounts on their handset.

Source: The Independent

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 Print Posted by Amir Karimuddin on November 29th, 2007