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Visa and Samsung join forces to push NFC

26 Feb 2013 12:00 AM | Anonymous

Near-field communication (NFC) mobile payments are being pushed by a global alliance between Samsung and Visa.

The alliance will see Visa tie its payWave technology with the next generation of Samsung NFC-equipped devices. The move comes as Visa estimates that over half of all Visa payments will be made via NFC by 2020.

Visa is also moving to partner with financial institutions in a bid to accelerate NFC uptake and other mobile payment solutions.

NFC technology has already seen uptake in Asia, with countries such as Japan employing the technology commonly in the high-street.

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