New PayPal app could beat out NFC in mobile commerce

Mobile payments platform

NFC technology may be trumped with simple mobile application Mobile commerce is gaining traction around the world, driven by aggressive investments in NFC technology from some of the world’s leading technology and financial companies. NFC allows mobile devices to be used as payment systems, enabling these devices to be used to make purchases with little more than a simple gesture. Companies like Google and Apple have been investing heavily in NFC technology in the hopes that it will give them an edge in the mobile commerce arena. PayPal, however, believes…

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