Updated Jan 16, 2018

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Equity Group Foundation will incorporate near field communication (NFC) tags into low cost mobile phones for secure mobile money payments.
How does your innovation work?
NFC tags enable short-range wireless communication between mobile phones and other devices for contactless and rapid mobile payments. They are commonly incorporated into smartphones, but these are too expensive for the av...
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Equity Group Foundation will incorporate near field communication (NFC) tags into low cost mobile phones for secure mobile money payments.
How does your innovation work?
NFC tags enable short-range wireless communication between mobile phones and other devices for contactless and rapid mobile payments. They are commonly incorporated into smartphones, but these are too expensive for the average citizen in developing countries. He will assemble ultrathin NFC ferrite sheet antennas affixed to the back of SIM cards into cheap handsets, and analyze them for making payments and for security.
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Economic and Workforce Support
  

Stage 2: Research & Development

Jonathan Gikabu of Equity Group Foundation in Kenya will incorporate near field communication (NFC) tags into low cost mobile phones for secure mobile money payments.
Registered in Kenyain Kenya

Focus Areas:

Digital Finance and Technology

Digital Finance and TechnologySEE LESS

Implemented In:

Kenya

KenyaSEE LESS

1
Country Implemented In

Planned Goals and Milestones

In partnership with a leading mobile network operator in Kenya he will then pilot test the phones on a group of local students for making purchases using virtual money via an NFC compliant payment terminal set up at the university.

Milestone

Date Unknown
Created
Date Unknown
New Country Implemented In
Kenya