Big players are making their moves toward mobile payment NFC technology

M-Commerce Industry

As more companies reveal their intentions for Black Friday discounts, sales, and other opportunities, the number of times that mobile payment services are mentioned continue to rise. Since the start of the week, four mobile market leaders have had their names connected with new NFC technology intentions in the hopes that mobile device users will attach themselves to the wave- or tap-and-pay systems for completing purchase transactions. Telefonica – a multinational mobile network operator – and RIM have announced that the newest service with NFC by Telefonica will be available…

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Qtel Group and RIM seek to expand NFC mobile commerce

NFC technology mobile payments

The Qtel Group, a telecommunications company based in the Middle East, met with Research in Motion (RIM), a Canadian telecomm group, to discuss opportunities regarding the expansion of NFC technology in the Middle East. Mobile commerce is seen as a particularly lucrative industry in some parts of the Middle East, such as Qatar, where the popularity of smart phones continues to soar. Mobile commerce is made possible through NFC technology, which can turn ordinary smart phones into payment devices. The two companies are looking to expand their global relationship to…

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PayPal and Google predict tremendous popularity of NFC mobile payments

Mobile Payments

Both PayPal and Google executives are adamant that near-field communication (NFC) technology enabled mobile devices will lead to tremendous successes with mobile payments. According to executive chairman Eric Schmidt of Google, he anticipates that within the next twelve months, one third of all retail store and restaurant checkout terminals will have been upgraded in order to be able to receive NFC mobile payments by way of their customers’ mobile devices. He stated that “I judge that based on how long I think it takes, because the terminals are available now,…

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