Vodafone NL to launch mobile credit card

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International Card Services (ICS) and Vodafone Netherlands have joined forces to launch a mobile credit card in mid-2014 to support contactless payments by smartphone, Telecom Paper reports.

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Under the agreement signed between two companies, a Visa World Card will be issued by ICS, which will form part of the Vodafone Wallet, a virtual wallet for smartphones to use for NFC payments.

The companies are developing a service for Visa World Card holders with a Vodafone subscription to make mobile payments with the card. The Vodafone wallet works over an app installed on the phone and the NFC antenna on the phone, the paper said.