PayPal, the popular mobile payment solutions provider has introduced the concept of Near Field Communications for Android devices. Popularly known as the NFC, the concept achieved massive popularity, after it was learned that it made payments easier than what it used to be. At the recently concluded MobileBeat 2011 Conference (12 - 13th July, 2011) in San Francisco, PayPal revealed its plans for revolutionizing mobile payments and a swanky demo of the PayPal NFC widget for Android devices.
Interestingly, unlike before, where a user had to specifically look out for the PayPal app to proceed with his transactions; the peer-to-peer concept just requires the widget. In an official blog post, it was revealed that users can, using the tap gestures proceed with the final stage of the payment. When the phones are tapped together, the Android widget on the smartphone sends the payment data. Laura Chambers, Senior Director PayPal Mobile demonstrated the concept at the event. She tapped the smartphones with each other, and the transaction went off, smoothly.
The service can be expected to start rolling out later this year. PayPal India users hopefully should have something for themselves, too. However, that is speculative.