Visa Inc. is teaming up with phonemaker Samsung Electronics Co. to provide a financial program to enable mobile handsets to be used like a credit or debit card.

Visa’s PayWave application will be a standard feature on Samsung devices equipped with near-field-communication technology, which allows customers to pay for goods or services by tapping their phones on a reader, the companies said in a statement today at the Mobile World Congress in Barcelona. The partners will also cooperate on technology for banks to download account information securely to Samsung phones for the payments.

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