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PayPal Proffers Peer-to-Peer Payments via NFC

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Jul 13, 2011, 12:36 PM by Eric M. Zeman

PayPal today announced a new mobile payment product that makes use of the NFC (near-field communication) capability of the Google Nexus S smartphone. According to PayPal, the new NFC-enabled Android widget lets phone users pay and get paid by simply tapping their phones together. Both the payer and the payee will need to have their own PayPal accounts. To start, the NFC peer-to-peer payment service will work only between two Nexus S handsets. The feature will be rolled out later this summer. PayPal said to expect more mobile payment services to surface in the coming months.

Here is a short video demonstration of how the PayPal NFC payment solution works:

About the author, Eric M. Zeman:

Eric has been covering the mobile telecommunications industry for 17 years at various print and online publications. He studied at Rutgers Newark and University of Kentucky, and has a degree in writing. He likes playing guitar, attending concerts, listening to music, and driving sports cars.

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