Mobile payments and transfers are nothing new. In fact, they have spent several years trying to find the exact formula to convince users that their mobile phone can also be their credit and debit card to use anywhere place, without the need to always carry your wallet with you. The latest to enter this market is Orange, who has just introduced a secure payment systemvia app Orange CashAll this without letting go of the mobile phone, just by passing it through one of the contactless payment devices or without contact in Spanish.
According to Orange, this service is already available through more than 530,000 Spanish establishments that support contactless payments or via mobile, in addition to 2.4 million of establishments that do so in the rest of Europe All of this with several layers of security to prevent card copying or theft . However, it is necessary to have several requirements that significantly limit the use of this payment model for users.
First of all you must have a smartphone or mobile that supports technology NFC or Near Field CommunicationIn other words, it allows data to be transmitted by bringing it closer to payment terminals. A functionality that not all mobiles bring with them. Secondly, you must have an Orange SIM card with the same technology NFC This This requirement is easier to solve since the company has been distributing this type of card to new customers, in addition to being able to replace it for free if it is not available. In addition, of course, only Orange users will be able to use this payment service.
With all this, you just have to download the application Orange Cash Here a simple process allows you to link the user's credit or debit card With the service. The interesting thing is that Orange Cash never puts money in the user's account at risk. And it is that it uses the card SIM NFC as if it were the credit card chip, but without contact to avoid copies and other problems.In addition, this service works as a wallet, that is, reloading the money that the user want from your account In this way, if there is a problem, only the reloaded money would be affected
But Orange Cash is not only useful for instant cardless purchases. It also offers a secure system for online purchases. Simply access this option in the application to create a card virtual wallet, which can be used for purchases without risking more money than what is recharged. A virtual card with all its numbers, month and year of expiration, and security number.
Finally, this service also allows you to exchange money, carrying out transactions between contacts easily and without commissions. Of course, only between clients of Orange.
That is to say, a secure payment system that comes much later than that of other companies such as Vodafone, but with some quite significant additions interesting. Of course, the requirements may suppose a limitation in the number of users that have access to it. The good thing is that, on the occasion of the launch, they offer up to 16 free euros, adding up to 10 eurosto the first users who decide to recharge an amount greater than 20 euros and returning two euros in the first three purchases of more than 15 euro cost
