BIBD introducing Brunei’s first NFC mobile payment in January

BIBD will be introducing Brunei’s first near-field communication payment service on their mobile application for Android this January 23, enabling users to pay at card terminals worldwide by “simply tapping” their phones. In a media engagement yesterday at Belluno, BIBD showcased their NFC system called the BIBD NEXGEN Wallet, which will be incorporated into their upcoming update of their mobile application V3.9. The service syncs up a users’ debit or virtual cards to the ‘wallet’ – effectively acting as their substitute – so users can make instantaneous payments with their mobile at any Mastercard or Visa terminal, locally or abroad without their debit cards.