Now we are living in a generation which may be called Smartphone generation. Because day by day the number of smartphone are increasing with unique feature and unique Apps and system and these system adds a new dimension for way of performing a particular task.At present the most valuable technology for smartphone is that NFC(Near Field Communication) which is introduced for mobile payment by ISIS.After introducing this system by ISIS, 11 month later goole launched a payment service named Google Wallet. In september 2011 google announced a cloud version of Google Wallet which support Debit and Credit cards from Visa master card, American express and Discover.Actually this kind of service depend on where you lives.If you are live in USA and you have a Smartphone which poses NFC technology, You can use the service of Google Wallet.
Now Google pushing the US device makers HTC, LG, Motorola and Sony ericsson will introduce NFC to allow smartphone users to make payment in stores and transport.
It is expected that Near Field Communication(NFC) payment system will grow even more in upcoming years. With the rapid changes of technology and to cope with this situation the influential marketers are investing a huge amount of money for Mobile Payment solution that's why they can sell their product for convenient of the customer. A report by market researcher isuppli in september 2011 predicted that shipment of Smartphone equipped with NFC technology are set to rise 544.7 million units in 2015 up from 56.2 million in 2010.
"This strong growth will be facilitated by the increasing number of applications NFC has to offer, ranging from mobile payments to linking with computer and cellphone peripherals, to interacting with the environment,” said iSuppli.By the year 2016, market researcher Berg Insight expects global shipments of NFC-enabled smartphones to reach 700 million units, up from 30 million units in 2011.
With the race of smartphone and the revolution of Smartphone in the next couple of years later we have to see the wallet in the museum.
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