Discovery

See that guy on the cashier table. Rather than hands over cash, he just work with that chip and PIN things to pay. What is that things, actually?

Yeah, you should know this : The latest trend in retail payment applications is contactless payment. Contactless payment systems are used successfully in Asia, Europe and North America and offer a number of advantages to issuers, retailers, and consumers. Contactless payment allows issuers to penetrate the cash payment market, enjoy increased customer transaction volume, and improve customer retention and loyalty. Retailers realize benefits due to faster transaction times, increased revenue, improved operational efficiency, and lower operating costs. Consumers enjoy the convenience of hands-free payment, the ability to pay for multiple services using one device, and the security of not having to display a card for payment.

Smart cards can use radio frequency identifiers (RFID), while mobile phones can use Near Field Communication – a similar technology that works on shorter ranges. London Underground’s Oyster Card uses Philips’ Mifare technology and there are still other variations out there. None of this is very new. People in Hong Kong have been using their Octopus card since 1997. This was used for paying for public transport but has become an electronic cash system. The Taiwanese are running a similar system, while Transport for London is beginning trials for a similar service with the Oyster Card.

Well, when do you think Indonesia become the part of this technology? Two years, five years? Let’s just see

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