Mobile Business: Wallet wars

NFC technology is threatening to make our mobile phones even more indispensable - with mobile payments and cash-free transactions both on the menu. Ian Campbell reports.

4th December, 2011
Mobile Business: Wallet wars
Eugene Mitchell, director of new business, O2: 'Less than 50 per cent of the population have smartphones. Those people will have to move to NFC-enabled devices if it's going to happen'.

Mobile phone evolution has been the big technology story of the last ten years, as pocket-sized devices take on more features and functionality to become the indispensable accessory. Their sheer ubiquity, combined with faster connectivity, means more is to come in the next decade.

Analysts are now tipping Near Field Communication (NFC) to be the technology that will trigger a significant new wave of mobile services. The chips facilitate wireless transmission of data, a bit...

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