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New NFC-enabled SIM cards may not take off for now: DBS Research

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...

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