Smart Money, an RFID card?

Last Sunday, I saw a center-fold ad of Smart Money in the Inquirer. It says that you can "just tap to shop" using your Smart Money card, and that it will take less than a second to purchase items. This is very interesting, as this can compete against Globe's G-Pass. The ad also says that you can only "tap" for items that cost less than PHP 500; items that cost more than this must be swiped.

The ad does not include what stores/establishments this service is currently available. And how will this work for the current Smart Money users? Will their current non-RFID cards be replaced with the new ones?

I think this is a very convenient product to use if they partner with establishments where people want to pay fast. For example, the parking lots. It sucks to look for cash and being stuck in traffic in the mall parking lots. If people can just tap their Smart Money card on a reader at the parking lot exit, it would be very convenient, and it lessens traffic and time spent in the parking lot. Convenience stores is another example.

There should be more places to reload the Smart Money card.

I have not yet visited a Smart Wireless Center to inquire about this service, I will soon when I go to the mall. Perhaps it's about time I register for a Smart Money card. I keep forgetting to do this.