Google Thinking About Making Its Own Mobile Payment System

Nexus S

Photo: Dan Frommer, Business Insider

Google is considering developing its own mobile payment system based on near field communication (NFC), Olga Kharif at BusinessWeek reports.NFC is a short range wireless technology that allows you transmit data.

In this case, you’d be able to wave an Android phone at a cash register and pay for a sweater, or whatever you’re buying.

The mobile payment field is getting crowded with major credit card companies working on a system, eBay working on something, and Apple hiring NFC experts for its phones.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.