Bank Islam Brunei Darussalam has introduced BIBD Wave, Brunei's first near-field communication (NFC) payment service via the BIBD NEXGEN Mobile app for NFC-enabled Android devices. This will enable users to pay at card terminals by simply tapping their phones.
Using BIBD Wave, a user may store their debit or virtual card information in a mobile wallet; once this is done, users can then make payments via their mobile phones at any NFC-enabled card terminal, both locally and abroad. The launch is part of BIBD's efforts to support de-cashing of the economy with seamless transactions, having already introduced digital conveniences such as BIBD QuickPay, BIBD vCard as well as other contactless payment methods under the BIBD NEXGEN platform. The BIBD NEXGEN platform showcases the bank's intent to transform traditional banking to the fintech age, while at the same time promoting strategic partnerships among different industries and going beyond Brunei's shores with regional and international partnerships.
Source: Radio Television Brunei