No one should be surprised that PayPal has entered the NFC payment arena, especially after seeing the unveiling of Google Wallet back in May. For PayPal to continue to grow and expand into the mobile space, this was essentially the next move that had to be made. And today at MobileBeat2011 in San Fran, they demoed a phone-to-phone NFC payment system (available “late this summer”) using two Samsung Nexus S devices. Through their new Android widget, a user can simply request an amount of money, touch their phone to another NFC-enabled device with PayPal and accept payment. Simple.
Via: PayPal Blog