Telekom Austria launches ‘paybox NFC’ mobile payment solution

Looking to expand commercial offering

Paybox NFC enables customers to use their NFC-enabled smartphone to make mobile payments for transactions of up to EUR25 without having to enter a PIN for authentication. The solution is supported by Telekom Austria’s subsidiaries A1 Telekom Austria and paybox Bank (a specialist in mobile payment solutions owned by A1 Telekom Austria). (view press release)

A testing is phase is being initiated from now until summer during which 5,000 customers will be able to test the service in various McDonald’s restaurants and Merkur (an Austrian supermarket chain) stores. Following the pilot stage, A1 Telekom Austria will look to expand its commercial offering through a series of new partnerships. 

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