Attendees of this year’s Oppikoppi Music Festival in South Africa will be able to make contactless payments using Standard Bank’s Mimoney NFC technology, according to Moneyweb.co.za.
The bank will issue festival-goers “Oppikoppi cards,” which can be preloaded with money for tap and go payments at vendors on festival grounds. Users can load credit onto the cards via cash, credit or debit cards at multiple stations throughout the venue.
According to Money Web, Oppikoppi organizers are implementing the system to discourage cash theft and cut down on long lines at beer and boerewors roll stands.
After the festival, funds leftover on Oppikoppi cards will be converted to mimoney, which will be stored on the user’s mobile phone as a voucher code that can be redeemed at some 25 retailers.
Standards Bank told Money Web that they plan to bring their contactless payments service to future festivals and concerts.
Titled “Unknown Brother,” this 17th annual Oppikoppi festival will be held on August 5-7 in Northam, Limpopo, South Africa.
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