IND Group became a member of the Hungarian Mobile Wallet Association
IND Group became a member of the Hungarian Mobile Wallet Association (Mobiltárca Szövetség) as we want to be one of the influencers of the coming mobile NFC payment standard in Hungary.
The Hungarian Mobile Wallet Association was established in June 2011 as a result of the collaboration of six telco and financial services providers (Magyar Telekom, Telenor, Vodafone, OTP, MasterCard, and the Super Shop) .
The Hungarian Mobile Wallet Association was formed to enforce the domestic spread of innovative, NFC technology-based mobile payment solutions, systems and services; create and observe the related professional guidelines; ensure professional standards and continuous improvements; and to standardize the platform behind the technology.
The Association is committed to the innovative cashless payment solutions by taking the role in the education of the population and the possible business partners, and the development of the domestic financial culture in order to foster the economic development.
The goal of the Association is to introduce the first commercial NFC mobile payment application by the end of 2012 / first quarter of 2013 in Hungary, and later on facilitate the widespread use of similar technology-based solutions. The success of the introduction of NFC mobile technology is based on the cooperation of mobile operators and other market players.