More on the RFID SIM & 'contactless' payments

To Bangkok again this morning for another mobile story — this time about contactless payments. I’m a big fan of the concept of waving my phone at a retailer to pay for a Coke or a rail ticket.

Remember I reported last month that o2 are apparently knocking something like this together? Here’s the image I used:

Well there’s a bit more news on this. I don’t know if it’s related at all to what o2 are planning but it’s broadly the same idea.

Link: Bangkok Post : Database

TrueMoney recently introduced RFID SIM, described as an intelligent contactless mobile payment service, for customers of TrueMove.

The applications used in RFID SIM were recently demonstrated at ICT Expo 2007 and allowed the mobile phone to be used for payments for things such as online shopping, car parking and public transport.

Adhiruth Thothaveesansuk, president of True Money, noted that the company had collaborated with Chinese-based Watchdata, a data security technology company, to successfully develop what he called “the world’s first intelligent contactless mobile payment” system using the RFID SIM via the True Money Payment Platform

Bring it on. I look forward to seeing something like this go live. TrueMoney’s site is here.