Here is a good news for the all the people who do not want to carry wallets or credit cards along with them. Just an Android mobile will complete this work. This is a bit slower process but for sure, this will change the usage of mobiles and the world of technology to a greater extent.
How does it work?
Here is the answer for your question.
- Person 1 begins a money send or money request via a homescreen widget.
- Person 1 and 2 hold their NFC-enabled Android phones together until they vibrate.
- Person 2 punches in their pin. Bhooooom!!! Money is transfered.
Right now only Nexus S mobile has this feature. Rest of the mobiles will soon get this feature in their mobiles.
Here is an video of it. Please do watch.