Paypal Announces NFC Payments for Android
Jul 13, 2011 5:29 PM –
At MobileBeat 2011, PayPal took another step towards realizing its vision of creating an entirely new way for people to shop and pay – anytime, anywhere and on any device – with the announcement of a peer-to-peer NFC solution according to Laura Chambers, Senior Director, PayPal Mobile.
Chambers demonstrated the NFC-enabled Android widget that lets people pay and get paid in seconds by tapping together two Samsung Nexus S phones. This feature will be out in the market late this summer. Chambers reports that the company is seeing “staggering” growth in PayPal mobile payments. But, she noted, “at PayPal, we’ve said all along that consumer behavior won’t change unless we’re able to offer an experience that’s truly better than what’s available today. We’ve been looking at NFC technology for a while and we saw a tremendous opportunity to combine the best of NFC and the best of PayPal.”
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