New NFC-enabled SIM cards may not take off for now: DBS Research
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Singapore
IT may be a while before the newly introduced NFC (Near-Field Communication)-enabled SIM cards become widely used in Singapore, but this is unlikely to impact the three telcos, DBS Group Research said in a note on Wednesday.
Reacting to Tuesday's unveiling of these SIM cards, which let users pay for bus or train rides and shopping by tapping their NFC-enabled smartphones at over 30,000 EZ-Link acceptance points, DBS analyst Sachin Mittal said one reason the cards will not take off for now is that they are incompatible with the iPhone - which commands more than a third of the smartphone market in Singapore. The SIM cards can be used in 19 smartphone models, including those of LG, Samsung and Sony.
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