With the new product, customers will be able to make contactless payments through smartphone.

Issued by ICS, the new credit card will form part of the Vodafone Wallet, a virtual wallet for smartphones to use for NFC payments.

Vodafone Wallet works through an application installed on the phone and the NFC antenna on the phone.

ICS and Vodafone are developing a service for Vodafone-subscribed Visa World Card holders to make mobile payments with the card.

Earlier this month, Vodafone announced plans to launch a stored value card, SmartPass in the Netherlands. Developed by the operator, the card is a prepaid service and supports payments over NFC.