It's selling eight times faster than the Nothing Phone (2a). Nothing unveiled the CMF Phone 1 this past Monday, and the phone went on sale earlier today....
Taxpayers still pay for it, but it is free at the point of sale or transaction.
It is great system tho as far as my understanding how it was done. In us, the rate is 3-4% on credit transaction which dominat payment system for point of sale. Shit is taxing.
Near field communication - it’s an antenna that sits inside the back case and let’s your phone interact with payment terminals and the like that support it.
You can add your tap and pay card to your phone and tap your phone instead.
☹️ no nfc
Yeah this surprised me. Is NFC payment not common in India?
Nah, india has UPI which uses QR codes.
Isnt it free and very good?
Think of it more is visa master card discover bank of America?
Yep.
As in “free” payment processing system deployed and maintained by the Indian government?
Why the quotes? It is free. Except for the money that you transfer. That is deducted from the bank account, obviously.
Taxpayers still pay for it, but it is free at the point of sale or transaction.
It is great system tho as far as my understanding how it was done. In us, the rate is 3-4% on credit transaction which dominat payment system for point of sale. Shit is taxing.
Madness!
Why?
Even a low-end phone comes with a good enough camera for QR which means wider adoption, you need a higher tier phone for NFC.
We have a similar system in my country and I believe we copy it from India, it works and is convenient.
Because 0 security
What? Payments are obviously going to be secure.
QR codes cannot contain enough data to put cryptographic keys.
What is nfc?
Near field communication - it’s an antenna that sits inside the back case and let’s your phone interact with payment terminals and the like that support it.
You can add your tap and pay card to your phone and tap your phone instead.
… you could just put your card on the back of the phone too
The phone can support multiple cards, eg credit cards and transit. Those readers usually won’t work if you stack two cards together.
And biometric pin