Paypal + NFC = Easiest Money Transfer Ever

I’m sure most of you have used Bump — the app that lets you transfer contact info or even apps from one device to another by just bumping them together. Well, thanks to the rising star known as Near Field Communication, similar functionality will very soon be available on the Paypal Android app. That’s right, you’ll be able to transfer money just by entering an amount and then holding the two phones face-to-face. We knew it was coming — we told you back in January that it was going to happen — and Paypal announced yesterday that it will be coming very soon, and released a demo video of how the process works.

https://www.youtube.com/watch?v=ovxA35hQ058

Currently, the Nexus S is the only phone that sports the NFC technology, and opportunities to use it are still pretty rare. The concept is catching on, though, and Paypal throwing their support behind the idea, it can only draw other developers in.

Would you use NFC to transfer money with a Paypal app? What other uses for NFC are you still waiting for? Let us know in the comments!

[via paypal]