Nokia is launching a commercial trial of its PagSeguro NFC payments app in Brazil, the company announced via its official blog.
Starting in May, owners of Nokia C7, N9 and 701 handsets will be able to use PagSeguro to pay for items at NFC-enabled points of sale, as well as transfer funds between users.
The PagSeguro NFC app was developed by INdT (Nokia Institute of Technology) and contains multiple options for payment, including credit card, PayPal account and more.
To make peer to peer payments, the two PagSeguro users need to select whether they’re the “buyer” or the “vendor.” After entering a password, the vendor types in the amount they are to receive and taps their phone against the buyer’s. The amount is shown on the buyer’s screen, and once confirmed, the transaction is completed.
Nokia notes that payments like these only work from phone to phone and not on existing NFC POS systems.
Check out the video below to see the app in action: