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Staring soon, Vodafone will hand out the highly coveted Samsung Galaxy SIII phones to 101 people to test the future of payments. Its vision of that future consists of contact-less checkouts, using an intelligent app loaded and a prepaid card worth up to $1,000 into the smartphone, and Visa’s payWave reader, backed by advanced processing technologies.
Our guess is there’s a whole lot of ‘Booyah!’ heard in the vicinity of Tapit Media’s Sydney offices right about now. The start-up, which specialises in new Near Field Communication (NFC), recently closed its seed funding round a diddy 22 days after pitching to Sydney Angels. So what is it about Tapit that makes investors part with their moola at breakneck speed?