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Product/services: SIMPAISA & NearField Communication (NFC) technology
Brand: Neartivity
Industry: Mobile NFC
Location: Bangalore

Neartivity Wireless offers an NFC based mobile money platform that enables mobile operators, financial institutions and trusted service managers (TSM) to offer contact-less mobile banking services to mobile phone users, especially in remote areas where banks are generally not easily accessible. The service will enables the users to perform various banking services like opening a bank account, cash withdrawal, money transfer , utility bill payments, etc. through neighbouring retail stores. The service is based on NFC technology which uses radio frequencies to transfer data. Facing the challenge that only a handful of handsets currently, like NOKIA, have NFC functionality, the company has developed an innovative NFC platform, SIMPAISA, that will offer NFC functionality on any existing mobile phone through a flexible wafer that can be attached to the mobile phone sim card and a thin radio frequency antenna that can be stuck to the cover of the mobile phone.