Consumers can shop with mobile number or … – iOnline

The Portuguese will be able to pay from April your purchases and transfer money using just their mobile number or email, with the MB Way service that SIBS is launching.

“It’s a service of convergence of all shopping experiences solely through the mobile phone. Individuals can simply pay without having to walk with lots of cards”, since the MB Way incorporates the bank cards in phone, said the group administrator SIBS, Luis Flores, a meeting with journalists.

According to the Director of Product Management SIBS Forward Payment Solutions, Teresa Mesquita, “is like having the ATM on your phone to facilitate payments,” is ‘online’, whether in smartphones or in stores such as restaurants, supermarkets and clothing stores.

With the new functionality, says SIBS, traders and consumers stand to gain, since it reduces the dropout rate, there is no manipulation of financial data, there is greater integration in the first case, as well as comfort, safety and convenience in the second.

It will be for example possible to order a pizza and pay it through the phone number or walk into a store to buy clothes without having to go to a queue by simply entering the mobile phone number of an assistant on a tablet Store.

“The client gives the mobile number and the customer receives a notification, and introduces an authentication code (a pin),” said Luis Flores, further illustrating that the trader can make deals like that recognizes the application when the consumer enters the store.

The new service allows you to make instant transfers to any mobile number by just entering the phone number or email, and the recipient can join the application as soon as notification is received and instantly receives the value.

In other words, you never have to share your bank details with either the dealer or the transferee and beyond the PIN, which is always used to validate the operations, a maximum is defined daily use.

Developed over the past year and a half, the functionality will be in the pilot phase until April and there will be tested by merchants, consumers, internal employees SIBS.