Nokia And O2 Team Up To Test Oyster
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Nokia and O2 are teaming up to offer a sophisticated card-swiping system that will transform how Londoners commute.
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.
The Oyster card scheme has already been enlarged to include credit card functionality that enables small purchases in selected shops and Barclays is also working with Nokia and O2 to enable mobile phones to be used for the same purpose by integrating the swipe card functionality into the phones.
The “m-commerce” market has been slow to pick up in Europe with consumers using mobile phones to purchase items such as ring-tones but little else. Operators in the Far East have offered more sophisticated transactions via mobile phones for years.
The only question left is whether consumers will use the system or not.
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