The customers receive a message on their NFC enabled cell phone advising them of the opportunity to apply for the mobile payment service. On acceptance the personal information and card details are downloaded into a secure memory location on the phone creating a mobile card. This mobile phone acts as a multifaceted mobile card which can act as a financial card (credit, debit, securities, insurance etc), ID card (employee, student, admission), membership card, security card etc. Harex’s patented Over The Air technology application gives the flexibility of this service being downloaded and used easily and securely at any place and any time. This mobile card can be issued, disabled and reissued wirelessly. It’s completely safe even if it’s lost or stolen and the issuer can manage the customers cards remotely and in real-time. The facility is a boon to wireless operators for, not only does it allow them to issue mobile cards but also immediately to disable the payment functions on any lost or stolen handsets. Furthermore it makes it very easy to keep track of customers who default on payments and greatly simplifies and speeds re-issuance procedures while creating a card that is constantly linked to the issuer company. The card holders carry out transactions (pay, avail insurance, use ATMs, redeem loyalty points, register etc) by simply waving their NFC enabled mobile devices in the vicinity of the contactless reader and entering their pin number to confirm the transaction. The customers’ payment information is securely encrypted in the mobile device and can only be activated by the PIN number. They can also check balances, make transfers, view and accept schemes and services regardless of time and location. Harex helps you provide your customers a cashless hassle free world by giving them a convenient, fast and secure method of making payments and other financial transactions with their mobile phones.