Microsoft Mobile Payment Technology Coming Soon

Microsoft is working on a new version, perhaps update, for the Windows Phone platform. The new update could arrive this year and when it does, it will bring a mobile payment technology to the smartphone. However, current smartphones are more than likely not compatible with the new service which means it will be available on new hardware only.

The system follows on from what Google is doing with Android 2.3 Gingerbread where smartphones embedded with NFC (near field communications), can be used as mobile wallets. Microsoft will include the necessary code in Windows Phone so that manufacturers can add NFC to their smartphones and in turn, allow end users to make payments by waving their phone over a sensor.

The first company expected to make use of WP7(8) with NFC could be Nokia. They recently commented that all their Symbian based smartphones would include NFC which leads us on to think they might include the same with its Windows Phone smartphones due out later this year.

Expect to hear more on this. The sources who spoke to Businessweek wished to remain anonymous, but to give strength to the rumor, it more than likely is correct as MS wouldn’t want to be left behind in a potentially huge market in the next few years.

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