NFC technology embraced by the mobile industry worldwide

Hong Kong mobile payments

Hong Kong Mobile Commerce
This year, the worldwide adoption of near field communication (NFC) has taken off in the mobile industry, as Google Wallet has made its strong debut and top manufacturers of mobile devices, such as Samsung (Google), Nokia, LG, RIM, and ZTE, have been producing handsets enabled with the technology.

In mainland China alone, there are more than 900 users of mobile devices, making it the region with the greatest potential for the future growth of NFC use. Companies that are aiming to connect with NFC suppliers or to research new innovations for this technology are advised to take part in the exhibition and conference in CARTES in Asia at the Hong Kong Asia World-Expo which will take place on March 28 and 29, 2012.

NFC apps and technologies commonly originate in the western world, but a new white paper released on the topic by Smart Insights has pointed out that this year, mainland China has seen its own wave of powerful solutions for mobile payments.

China Telecom, China Mobile, China UnionPay, and China Unicom are all the primary banking and telecommunications stakeholders in the country and each has its own projects for the incorporation of either NFC or similar technology (for example RF-SIM, MicroSD, and SIMpass).

These will all soon be implemented in cities in the mainland, allowing consumers to use their mobile devices to make purchases for public transportation, as well as food and drink.

The Ministry of Industry and Information Technology in China has stated that they anticipate mobile payments to be a powerful force driving the country forward toward its goal of tripling its e-commerce industry by the end of 2015.

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