Swedish mobile communication company launching cell phones in Asian market

Neonode, the Swedish mobile communication company that develops touch screen technologies and designs mobile handsets, today announced that Excel Field International LTD, a major privately held Asian distributor, has placed an initial $1.1 Million order for the Neonode N2 handset for April.

Excel Field International has direct reach to 4,000 retail outlets in Indonesia, Malaysia, Singapore, Taiwan and Thailand throughout which the Neonode N2 will be distributed.
"We are delighted to add Excel Field International to our growing list of global partners. They will play an important role when we now enhance our focus of moving into the Asian market and the relationship also represents an important step forward in achieving our 2008 sales target of 200,000 phones," said Per Hellberg, Vice President of Sales at Neonode.

"The interest for our phones and technology has been strong in these markets and through Excel Field's relationship with key carriers and retailers within the region, we are now well-equipped to establish Neonode as a niche player and not only compete against the big established players in the region, with Nokia and Samsung in top, but also the smaller local players on their home markets," Hellberg continued.
Source: scandasia.com

Mobile Phones will Replace Debit Cards

Soon, your mobile phone will replace your debit cards and then you will not need to carry debit cards in your pocket. This will be very nice for those people, who always be in hurry and forget to carry debit cards while they are going out.

Your mobile phone lets you stay connected to your loved ones, take snapshots wherever you want, listen to your favourite tunes and even surf the Internet. Now, the same wireless is going to offer you more by getting transformed into a debit card.

Hailed as a key development since the advent of the credit card, mobiles could soon be used as "surrogate debit cards" if a Dutch scheme is brought to the UK.

The Netherlands project allows customers to link their mobile phones directly to their bank accounts and use the phones at supermarket checkouts as if they were Switch or Maestro cards.

The system, developed by a supermarket, a bank, a phone network and the IT consultancy Logica, will go on display on April 9 at a Scottish Financial Enterprise (SFE) briefing in Edinburgh, held to discuss ways to roll out new technology to British banking customers.

Gavin Jones, delivery director in Logica's financial-services department in Edinburgh, said mobile phones could be linked directly to bank accounts or "topped-up" with money and used as pay-as-you-go smart cards.

"It's a revolution in terms of doing things with your mobile phone. I believe the customer demand exists in the UK for these kinds of services. The next step would be to find partners - such as shops and banks - to take this project forward," The Scotsman quoted him, as saying.

The device works with near-field communication - a technology that uses high- frequency radio waves to transfer information between electronic devices such as the phone and the card reader.

In the pilot, the mobile phone came with a built-in chip, containing the customer's bank details. The phones were adapted to incorporate a chip loaded with a debit card function that replicated the existing chip and Pin payment process.

But once the phones are available for sale, the consumer will need to download an application which links to a chip with encrypted bank details.
Source:news.yahoo.com