Near Field Communication: Paying with plastic will soon be replaced with NFC

People will be able to pay for their purchases using mobile phones


Much of what we do, depends on having the trusted and convenient plastic cards to swipe our way to purchasing new clothes, taking in a movie or travelling on the Metro. But those shiny credit cards, bank-account cards, and Metro cards may soon be a thing of the past due to new technology that will change the way we pay for things.
Near Field Communication — or NFC, as it more commonly known — is set to help mobile phone subscribers pay for virtually everything with their handheld devices and thus making the need for plastic cards obsolete.
New NFC technology is similar to Bluetooth and transmits data via wireless technology within short distances automatically. It emulates credit cards by storing financial data on a mobile phone's SIM card.
"You just tap your mobile phone on the terminal and it automatically deducts the purchase,"
An NFC-equipped phone enabled by operator will allow phone subscribers to simply tap their mobile phone on station turnstiles to deduct the fare.
Mobile phone payments will reduce delays in queuing up in Metro stations because a mobile phone payment is quicker and hassle-free.