PayPal may be supporting NFC payments


Android 2.3 comes with NFC (Near Field Communication) capabilities, despite the use of NFC is still a little unclear, although has huge potential for the future of digital transactions. A current rumor is that PayPal may be an early adopter of the NFC technology, suggesting a partnership with Google. If this deal goes down, PayPal may be supporting payments in the latter part of 2011.

Laura Chambers, Senior Director of PayPal Mobile, said a commercial NFC service in late 2011 is feasible and that Google could represent a viable partner. Given PayPal’s amount of transactions online and in mobile devices, this seems realistic for them to grab this new technology and start setting standards along with Google.

[via Business Week]