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Credit card payments extend to payments through mobile phones
Posted On 22 Sep 2015
Buying a pizza at home or paying for a taxi with a credit card will be possible as the Mobile Point of Sale spread. Behind this name is hidden something as simple as a card reader carried by the seller connected to his smart phone to extend his payment method beyond cash.
A phone application receives the data and processes the payment. It is the same as the conventional apparatus establishments have, but in a portable and pluggable version to be used with the phone.
To use the service of Mobile Point of Sale or Datamovil is necessary that the card is one of the approved and registered in the Datafast system, according to the newsletter of the Association of Private Banks of Ecuador. A plan for Internet browsing is required.
With this, the risk of carrying cash is reduced. The Ecuadorian alternative, even more advanced, raises a safer formula, since you do not need to use physical card, or install devices. What matters is that these options already exist in Ecuador and are gaining ground on purchases.
Source: http://expreso.ec/expreso/
