NFC technology continues to receive support from device makers NFC technology has been seeing some turbulence among consumers and businesses over the past year. The technology had once been remarkably popular due to its use in mobile commerce, but has since fallen from grace due to the security concerns that surround it. Mobile commerce is not the only use for NFC, of course, but the technology has only seen modest use beyond this sector. While some companies have been moving away from NFC technology, makers of smartphones and tablets continue…
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NFC technology based mobile wallet launched in China
China Merchants Bank has just announced this new mobile payments service for its customers. China Merchants Bank has partnered with China Unicom, a wireless operator, to be able to offer mobile payments services to their subscribers using NFC technology. The mobile wallet service will have its initial launch in Shanghai but will expand from there. The companies announced their new agreement on Monday, and have made the service available right away to smartphone users with NFC technology in Shanghai. The news from China Unicom explained that subscribers to their services…
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