DBS And Nokia Test Mobile Fund Transfers in Singapore
World IT Report, Apr 8, 2003
The Development Bank of Singapore (DBS) and Finnish mobile phone giant Nokia are evaluating a recently concluded trial that enabled participants to transfer funds using mobile phones, according to the bank.
Regarded as Asia's first wireless public key infrastructure (WPKI) trial for mobile payments, about 200 users were given specially manufactured dual-chip Nokia 6310 phones.
WPKI is a combination of software, encryption technologies and services that allows users to protect the security of their Internet transactions. - (World IT Report.com)
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