Flexible Electronics News

Yeldi Group Selects Identive, NXP for Launch of First Major Mobile NFC Cashless Payment Solution in India

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Identive Group, Inc. and NXP Semiconductors N.V. announced that they are providing innovative near field communication (NFC) payment tags to Yeldi Softcom Pvt Ltd to support the launch of its ‘ara eTap’ cashless payment application in India. The NFC payment tags are affixed to the back of a mobile phone to enable cashless “tap and pay” transactions. “Mobile technology is rapidly being adopted by a broad demographic in India, which is spurring significant interest in mobile commerce,” said Lak...

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