LG preps NFC mobile payment service for Europe

With Nokia, Google, Samsung, RIM, and even Apple embracing NFC (Near Field Communications), it’s no wonder that LG also wants to be a part of the game.

According to Reuters, LG intends to introduce an NFC-based mobile payment service in Europe starting 2012.

Reuters quotes Jin-Yong Kim, vice president for business solutions at LG’s Home Entertainment division, who declared:

“The point-of-sale technology, which will be targeted at small and medium-sized businesses and will involve NFC or near field communications and cloud computing, is currently in beta testing.”

Google’s Android 2.3 Gingerbread has native support for NFC, and LG has already announced two smartphones that will be upgraded to the new OS (the Optimus 2X and Optimus Black – pictured below), both of which will likely feature NFC capabilities. The upcoming LG Optimus 3D will probably have NFC, too.

It’s estimated that more than 860 million NFC-enabled mobile phones will be in use in 2015. You can read more about NFC here.

Author: Florin

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