Techno-News Blog

June 28, 2011

Google, PayPal See NFC Mobile-Payment Boom

Filed under: Uncategorized — admin @ 12:15 am

By: Clint Boulton, eWeek

Google and PayPal are confident mobile payments will take off this year and beyond as more mobile phones become equipped with NFC capabilities. Executives from both Google and PayPal are extremely bullish on mobile payments enabled with near-field communication technology. Google Executive Chairman Eric Schmidt said he expects that a third of checkout terminals in retail stores and restaurants will be upgraded to allow NFC mobile payments from mobile phones within the next year.

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