Paypal throws a hook, Launches Mobile to Mobile NFC Payments
Paypal usually not preferred by Sellers has announced a new Mobile-Mobile NFC payment system at the Mobile Beat 2011. NFC equipped Device owners, majorly Nexus S, can accept transactions from other NFC equipped devices.
Currently the functionality is limited – there is only the Nexus S which is supported- and only specific type of transfer requests can be made. Paypal promises its working hard to roll out the system more commercially. Also to note – Inter-Mobile transactions will be free of cost especially if you are using a tied bank account or Paypal credit.
The app will be available for free in the Android Marketplace in the coming months. Check out the video demo below