PayPal has unveiled a peer-to-peer NFC-based payments Android widget that lets people pay and get paid in a matter of seconds by tapping together two phones.
Demoed at MobileBeat 2011, the feature will be out in the market later this summer.
Writing on the PayPal blog, Laura Chambers, senior director, PayPal Mobile, comments: “We’re seeing staggering growth in PayPal mobile payments, showing a real consumer desire for the way they shop and pay to catch up with the way we live. But we’ve said all along that consumer behavior won’t change unless we’re able to offer an experience that’s truly better than what’s available today. We’ve been looking at NFC technology for a while and we saw a tremendous opportunity to combine the best of NFC and the best of PayPal.”
“PayPal is again leading the pack by bringing NFC payments to life on the Android platform. But this is just one of the many ways we’re using different technologies, on different devices, to change the way people pay and get paid. Stay tuned for more exciting announcements from us in the weeks and months to come as we make our vision for the future of money a reality in everyday life,” she adds.
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