Tag Archives: NFC

Live from MWC: Skipping a beat and heading straight into mobile money

Citigroup CEO Michael Corbat explains how more people have phones than bank accounts at Mobile World Congress (Photo credit: Jeff Barak)Just as the mobile phone transformed the communications industry, it seems clear that mobile financial services are poised to transform the financial sector. Speaking on the second day of Mobile World Congress here in Barcelona, Michael Corbat, chief executive officer of US multinational financial services company Citigroup, made the point that while over three billion people have a mobile phone, only two billion people have a bank account.  More >>

Is NFC a “must-have” feature of the future?

NFC technology offers service providers more options than just mobile paymentsMany mobile operators are investing heavily in mobile payments initiatives at the point of sale, where a mobile device enabled with a Near-Field Communication (NFC) chip is used to carry out payment transactions funded by digital wallets. But since NFC is just one segment of the fast growing mobile payments market, which is still in its infancy, the good news for service providers is that NFC as a technology is not limited to payments – it can also facilitate many other proximity interactions. “One potential driver for Near-Field Communication technology is the fact that it has many potential uses beyond mobile payments. […]  More >>

And you thought your phone was just for communicating…

BLOGGER: NAOMI WEISER It’s not just the Royal Wedding that will make 2011 a year to remember – also sharing the limelight is the rise and rise of mobile payments, with analyst group Forrester declaring 2011 as the year when Near Field Communication (NFC) will reach the hands of millions of consumers. NFC is the technology behind payment transactions carried out on mobile phones, either by using a mobile network to initiate or authorize transactions, or via contactless systems that use a mobile phone instead of a credit card. So as far as the user is concerned, you’ll be able […]  More >>