LG Plans to Push NFC Technology in 2012

Jan 31, 2011
3

If 2011 is the year of the tablets, 2012 will be the year of NFC technology. We've already heard that the iPhone 5 and iPad 2 will both support NFC- which make them second to the Nexus S. And now it looks like LG has plans on joining Apple and Google in 2012.

The electronics manufacturer plans to launch some form of swipe payment system for retailers across Europe next year. They will target small and medium-size businesses. Analysts expect there to be more than 860 million NFC-enabled phones by 2015, so LG is right to get in close to the ground floor.

LG aims to integrate NFC tech into TVs and security systems, but company representatives refused to confirm or deny plans in the mobile sphere. LG may feel that spreading NFC terminals to retailers is of more immediate importance. Apple certainly agrees- there are rumors they plan to subsidize NFC terminals for American small businesses.

The current state of mobile payment adoption is fairly primitive. But with this much money aimed at pushing development, it can't stay that way for long.

[Via Reuters]


This entry was posted in Archive.
Must Read Bits & Bytes