Google is considering developing its own mobile payment system based on near field communication (NFC), Olga Kharif at BusinessWeek reports.
NFC is a short range wireless technology that allows you transmit data.
In this case, you'd be able to wave an Android phone at a cash register and pay for a sweater, or whatever you're buying.
The mobile payment field is getting crowded with major credit card companies working on a system, eBay working on something, and Apple hiring NFC experts for its phones.
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See Also:
- What Is Near-Field Communication?
- Android Phone Of The Month: Google Nexus S
- RIM CEO Touts The BlackBerry PlayBook, NFC For Phones
Google Thinking About Making Its Own Mobile Payment System (GOOG)
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