ParraSync application beats out competitors to take home award

NFC Mobile Payments System

Parramatta’s mobile payment system considered a revolution for commerce A small suburb in Sydney, Australia, has managed to win an award for its mobile wallet initiative, beating out staunch opposition from Google and the country’s Commonwealth Bank. The suburb of Parramatta has developed its own mobile payment system called ParraSync. The system can be used with physical payment cards as well as smart phones and other mobile devices. Both mediums must be equipped with NFC chips in order to conduct mobile payments. The system has been singled out for its…

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