Tech Mahindra launches NFC enabled mobile wallet MoboMoney

IT services company Tech Mahindra has launched a mobile wallet called MoboMoney, which uses a near field communication (NFC) tag to pay merchants who have NFC enabled POS’ and other NFC enabled mobile phones, reports ET. Users can use MoboMoney to pay at offline as well as online retailers, while those who do not have NFC enabled on their phones only need to tap the tag on the merchant POS to pay for their goods. The wallet is available as an Android app.