PayPal demos mobile NFC payments

Summary:The financial services company has said it will begin supporting near-field communication payments on phones, allowing people to transfer funds by 'bumping' their phones together

PayPal announced on Wednesday that it will begin supporting peer-to-peer payments to allow its customers to pay each other directly via their mobile phones.

PayPal NFC payment

PayPal is to support near-field communication (NFC) mobile payments. Photo credit: ZDNet.com

The scheme uses near-field communication (NFC) technology to allow a device to transfer payment directly to another. The eBay-owned company demonstrated its new NFC-enabled widget for Google Android smartphones at the MobileBeat 2011 conference in San Francisco by "bumping" two Samsung Nexus S handsets together.

The company says it will roll out the feature "late this summer".

For more on this ZDNet UK-selected story, see PayPal adds support for NFC peer-to-peer payments on ZDNet.com.


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Topics: Mobility

About

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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