Is It Time To Give Up On NFC?

By Álvaro J. Soltero, Content & Social Media Strategist, Leaf

One question has been in the back of all payments industry experts’ minds for the last 15 years or so: “What is coming after credit cards?” In the search to answer this question, all eyes were set on another industry: technology. In 2004, Nokia, Philips, and Sony established the NFC Forum and began shedding some light on the matter. Near Field Communication was not only new but also promising; many thought it to be the future of payments. Now, fast forward 10 years — plus all the innovations in other alternate forms of payments — and you’ll see we’re still asking ourselves the same question. NFC didn’t provide the answer. So, is it time to give up on it? To figure that out, we must first dive in a little deeper.

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