Whenever we read any news about mobile payments, it seems like it’s always about the same things: smart phones, NFC, Square, Google Wallet and so on. If you have a similar impression, then here’s something refreshing: Moneta – a payment scheme that doesn’t require NFC, attaching anything to your cell phone or installing any apps. Actually, you don’t even need a smart phone – any cell phone will do just fine!

So how does it work? What’s the technology behind Moneta? It’s actually as simple as a phone call. And I mean it literally – data is transmitted over a voice connection!

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