Wallets Might Be A Thing Of The Past With NFC Technology

Wallets Might Be A Thing Of The Past With NFC Technology

Mobile phones to become e-wallets and store banking and personal details.

Yi Chen
  • 24 november 2011

Research In Motion, makers of BlackBerry, has teamed up with Spanish telecom company Telefonica to turn mobile phones into electronic wallets. These e-wallet smartphones will be embedded with a near-field communications (NFC) chip that would store the user’s banking and personal details – making it redundant to carry ID cards, cash or credit cards.

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