NFC mobile payments are a type of contactless digital payment option that allows smartphones or credit cards to communicate with NFC-enabled readers. Here are some examples of NFC mobile payments you may have not known they are NFC based:
- Apple Pay: This is a mobile wallet app developed by Apple that allows users to make NFC-based payments using their iPhone or Apple Watch. Users can store their credit, debit and loyalty cards on the app and make contactless payments at NFC-enabled point-of-sale terminals.
- Google Pay: This is another mobile wallet app that allows users to make NFC payments using their Android phone. The app stores users’ payment and loyalty card information, and users can simply hold their phone near the point-of-sale terminal to make a payment.
- Samsung Pay: Samsung Pay is a mobile wallet app that allows users to make NFC payments using select Samsung phones. Additionally, Samsung Pay uses both NFC and magnetic secure transmission (MST) technology, allowing users to make payments even at terminals that do not support NFC payments.
- PayPal: In addition to its online payment services, PayPal also offers a mobile payment solution that allows users to make NFC-based payments using their mobile phone. Users can link their PayPal account to their preferred payment method and make contactless payments at NFC-enabled terminals.
- Square Wallet: Square Wallet is a payment app created by Square that allows users to make NFC payments at participating merchants. In addition to making payments, users can also store loyalty program information on the app.
These are just a few examples of NFC mobile payment options available today. As this technology expands further, we can expect to see more innovative solutions emerge in the near future.
With NFC mobile payments, users can make purchases by holding their device or card near an NFC-enabled terminal to initiate the payment transaction. The payment information is then transmitted securely through the NFC technology between the device and the terminal. NFC mobile payments are becoming increasingly popular due to their convenience and speed, as well as improved security features.