Insert a credit card into your mobile phone for payment

The potential of mobile phone applications in payment is almost unlimited as coming soon, people in the UK will have a new convenient payment service called mPowa.

mPowa includes a pre-installed smartphone application and a credit card reader. This device will connect to the cellphone through the headset jack, or bluetooth connection. When clamping a credit card on the device, it scans the magnetic stripe on the card and asks the user to enter the PIN code on the phone to perform the payment.

The mPowa service is provided by UK Powa Technology Company and is compatible with iPhone, iPad, Android, Windows and Blackberry mobile devices. Powa said its mPowa service allows businesses and retailers to pay quickly without having to wait for print and pay bills. " We have developed mPowa as an outdated problem solution ," said Dan Wagner, chairman of the board of directors and CEO of Powa. "A global payment system will facilitate For every store that accepts a user's payment, it's not too costly and time consuming. '

It is known that mPowa application and credit card reader are free, but customers must pay service fee of 0.25% per transaction.

References: Daily Mail