Near Field Communication Technology: A New Evolution!
Near field communication (NFC) technology aims to bring in more flexibility and convenience in our life by making exchange of digital data, connection of electronic devices, and transactions far easier. NFC technology finds application especially in mobile phones which work by identifying NFC tags (integrated cards) in another device which is in a close range (4 to 10 cm) leading to exchange of data between the two. Near field communication technology is actually an evolution of RFID (Radio Frequency Identification) technology for contactless payment systems.

Tickets, coupons among uses for tap-to-pay phones
BARCELONA, Spain - Cell phones usually are used to communicate with people far away. This year, they'll get the ability to do the opposite: communicate with things that are close enough to touch.

Global Mobile Payment (Mobile Money) Market to Reach US$264.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Mobile Payment (Mobile Money) markets. Global market for mobile payment (mobile money) is projected to reach US$264.8 billion by the year 2015. Increasing uptake of mobile payment concept by the consumers around the world especially in the heavily populous countries in the Asia-Pacific region is expected to inflate the market for mobile payments in the coming years.

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