TELCASH

Telcash is a service that allows customers to pay for goods and services using their mobile phones. The service is provided by a company called Telstra, and it uses a technology called near-field communication (NFC). NFC is a type of radiofrequency identification (RFID) that allows two devices to exchange data over short distances. In order to use the Telcash service, customers need to have an NFC-enabled phone and a Telstra account. When they make a purchase, they simply hold their phone up to the NFC reader at the point of sale and the transaction will be processed automatically. There is no need to enter any payment details or PIN numbers. Telcash is a convenient way to pay for goods and services, and it is also very secure. The only charge associated with the service is a small transaction fee, which is paid by the merchant.