Banks, operators fight for NFC payments market

Staff writer
27 Jan 2010
00:00

Banks and mobile network operators are set to go head-to-head for control of the market for near field communication (NFC) mobile payments services, according to a new research.

"NFC mobile phones will be used to replace credit cards and loyalty cards, bus and train tickets, library cards, door keys and even cash," said Sarah Clark, author of “NFC: The Road to Commercial Deployment.”

While a collaborative approach between banks and operators may work in some instances, the report predicts that most commercial deployments will have only one lead player -- not necessarily an operator.

Related content

Follow Telecom Asia Sport!
Comments
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.