We’ve talked about Near Field Communication (NFC) a number of times. Visa and Bank of America began experimenting with contactless payments last year. There was talk of an Apple mobile payment network tied to iTunes. More recently, RIM announced their support for NFC in future handsets.
“As we have seen, the adoption of different approaches to NFC will only serve to fragment the market,” continued Bernabè. “By uniting around a single standardised approach to mobile NFC and by collaborating across the entire ecosystem, our industry will continue to develop the compelling services that customers demand.”
This is about much more than paying for your latte with a tap of your phone or checking into a Foursquare venue without launching the app. NFC is gaining momentum fast. According to Frost & Sullivan, the total payment value for NFC globally will reach more than €110 billion in 2015. Starting with your SIM card as the secure element to provide authentication, security, and portability the GSMA will develop the necessary certification and testing standards for global interoperability of NFC services.
“As we have seen, the adoption of different approaches to NFC will only serve to fragment the market,” continued Bernabè. “By uniting around a single standardised approach to mobile NFC and by collaborating across the entire ecosystem, our industry will continue to develop the compelling services that customers demand.”