The next frontier in mobile technology looks set to unfold around Near Field Communication (NFC) so it’s only fitting that credit card companies start teaming up with mobile providers, and this is exactly what Google and Mastercard are doing.
Google is gearing up to collaborate with the credit card giants to create a service which will allow Android users to use their mobile phones to pay for their purchases, using NFC technology.
The Android creators are already one step ahead of the game with the NFC enabled Galaxy Nexus S, although the ‘contactless’ payment technology was not able to be used by UK customers due to the lack of NFC infrastructure in retail outlet, something that is set to change with the new partnership.
Apple has also announced that they will be looking into NFC technology for their future devices, although it thought that it will not be part of the iPhone 5′s spec. Steve Job’s company are even rumoured to be developing their own apps to enable credit card holders to use their phones for payments.
The Wall Street Journal reported: “The planned payment system would allow Google to offer retailers more data about their customers and help them target ads and discount offers to mobile-device users near their stores. Google isn’t expected to get a cut of the transaction fees.”
In order for contactless payment technology to get up and running, many companies and businesses need to sign up and get the ball rolling. However, despite there being millions of contactless payment cards available in the UK, credit card companies are keeping their lips sealed on the number of users that actually take advantage of the service, something that is possibly hindering the uptake of the revolutionary service.
How to you feel about contactless payments? Would you be interested in using your Android to pay for things this way?