NFC will see phones replace wallets, says expert

Thursday 03 March 2011

Article by Mozo

Aussies looking to compare debit cards online could be among those interested in the recent comment of one technology expert.

Phones to replace wallets, says expert

Writing for Gizmodo.com.au, Sam Biddle has claimed that the near future will see phones replace wallets.

The expert explained that improvements in near-field communication (NFC) technology will lead to a number of devices being able to process payments for purchasing various goods and services.

"Credit card companies like Visa are already pushing their contactless methods and companies like Google and Apple have shown interest in turning our phones into debit cards," he explained.

"It might even show up in the next iPhone. What’s it mean? No real wallet. Take out your phone, swipe it by the register, be on your way."

The comments follow the publication of a report by Juniper Research, which claimed that NFC was "the star" at the recent World Mobile Congress in Barcelona, Spain.

According to the expert, a number of devices such as Samsung's Wave 578 and the new Galaxy S2 will use NFC technology.

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