Mobile industry pushes for RFID payment

The GSM Association (GSMA) has called for the adoption of RFID technology--known as Near Field Communications (NFC)--into mobile phones for the purpose of contactless payment. In a statement, GSMA chief executive Rob Conway extolled the "huge latent demand" for such services, noting that an industry-wide NFC push would be sure to reap significant gains where the economies of scale is concerned. Specifically, GSMA is pushing for the Single Wire Protocol standard to be adopted. Still, if a recent analysis by Jupiter Research is anything to go by, then one in five handsets worldwide would include the technology by 2013. Already, trials have been successfully concluded in various countries around the world, though this talk about a new mobile payment standard was actually announced more than a year ago.

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