NFC technology has been talked about for a while now, and we recently gave you the news that the technology would be finding its way onto Sprints Nexus S 4G handset. A little further back was the news that NFC payments were coming to UK residents with the Quick Tap service from Orange. Now we have news that PayPal now does NFC on Android, so roll on the iPhone 5 for Apple fans.
Sarah Perez of ReadWriteWeb is reporting that PayPal have announced at the MobileBeat 2011 event, it was going to support NFC on mobile devices. The company demonstrated its take on the technology with a new NFC enabled widget, which will let consumers make payments by simply tapping two phones together.
The company said the new widget will arrive later on in the summer, and the technology is growing pace as organizations such as banks, credit card companies, and Google are bringing out NFC solutions for their customers. Presently a lot of the programs have yet to be released, but it’s no surprise a company like PayPal is getting in on the action.
The app looks great and in a video demo which you can see below, a PayPal user can send or receive money via the widget. Once a user has initiated the request both then just tap their devices together until they buzz, and completes the money transfer. To fully complete the transaction users do have to enter a password or PIN number.
This works mainly like the Bump mobile application works, except the technology is different. Bump uses sensors on both Android and iPhones, while NFC uses a special chip inside the handset itself. At present there aren’t many devices supporting the technology. The demo showed the Samsung Nexus S but there are more handsets on their way with NFC including the BlackBerry Bold 9900.
PayPal has made other moves into the mobile world recently with the purchase of Zong. This is a mobile payments company that specializes in carrier billing, and allowed users to pay for digital goods such as in-app purchases. NFC is more associated with the payment of physical products, so it looks like PayPal are covering all angles.
The new iPhone could only be a matter of weeks away now, and many potential owners of the handset would like to see the NFC technology find its way into it. Would you like to see NFC in the iPhone 5?