LG Electronics will bring a system of payment NFC in Europe in 2012, which will help customers swipe their phones to pay for goods.
"Technology of point of sale, which intended for small and medium-sized enterprises and imply NFC or near communications field and cloud computing, is currently in version Beta testing" Jin - Yong Kim, Vice President of business for LG Home Entertainment division, told Reuters.
LG NFC payment system should be deployed in Europe next year, and the adoption, it could probably be used in different markets. Europe is a good market for NFC of LG, payment system because there are public transport users over the USA and it may be easier to implement infrastructure.
Regardless of how this happens, the LG NFC payment system is just the latest mobile payment sign is hitting the mainstream. I know that our readers to the Japan, Korea and other places already have used their phones to pay for stuff, but it is a major improvement for consumers in places as in the US.
AT & T, Verizon, T-Mobile and others have teamed to create the initiative of ISIS and it aims to provide the NFC payments to a broad audience. Three carriers have more than 230 million customers combined, so it might have tens of millions of customers armed with the means to pay with their phones.
Google is also a planned with this technology, for Android now supports NFC and the search giant would have built a mobile payment platform. Hope all the technologies interoperable, because the best way to kill the adoption is to fragmented and difficult to use.
Thus, you wait to finally be able to use your phone as your portfolio?
