APAC Banks Evaluate NFC Models

The face of mobile banking in the Asia Pacific region is set to change in a big way. Be it for Singapore, Australia or New Zealand, going by what’s happening in these countries, new forms of digital payments are finding their way in. International Data Corporation (IDC) has highlighted that now major banks in the region are set go beyond basic mobile banking services. In Singapore, an infrastructure has been worked out where the objective is to let the industry on the whole capitalize on the same considering the open access model for NFC infrastructure. The plan is to support contactless mobile payments.