LG working on an NFC payment system for Europe, planning launch in 2012

All these upcoming NFC-equipped smartphones wouldn’t be worth much without places to use them , so it’s good to hear LG’s announcement this week that it’s working on providing the infrastructure for contactless payments. The Korean company has set its sights on Europe, where it’s conducting beta testing of point-of-sale technology that will facilitate paying for goods and services by swiping your phone near an NFC sensor. We’re not told whether that phone would necessarily have to be built by LG, though we imagine the company would be well served by including as many devices as possible and just taking its slice of the profits. Whatever LG does, it’s looking increasingly safe to assume that having NFC on your phone will be a legitimate asset in the coming months (and not just if you live in Japan ). LG working on an NFC payment system for Europe, planning launch in 2012 originally appeared on Engadget on Wed, 02 Feb 2011 03:54:00 EDT. Please see our terms for use of feeds . Permalink

Posted by on February 2, 2011. Filed under News, Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry