PayPal Moves Into the NFC Arena

Jul 15, 2011 — Allan Pulga

RCR Wireless is reporting that PayPal is planning to launch a new application for Android devices later this summer that leverages near field communication technology to provide a peer-to-peer commerce offering. The new Android widget can fulfill transactions by tapping two devices together. The video in the RCR Wireless article displays how this might work.

"We're seeing staggering growth in PayPal mobile payments, showing a real consumer desire for the way they shop and pay to catch up with the way we live," Laura Chambers, senior director at PayPal Mobile, wrote in a blog post announcing the news.

-Tara Filson

Topics: Retail Operations, Wireless Trends, Mobile Industry

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