Anssi Vanjoki, the vice president of Nokia was announced that every <Nokia phone> will have in-built <NFC (Near Field Communication) from 2011>. Nokia smartphone owners will enable to make ticketing transactions and payments from thier cellphones and also sharing content with other NFC-enabled devices if needed. Near Field Communication (NFC) is a technology that enables users who have their credit card information stored on a SIM card or microSD memory card to make quick payments.
Do you know about NFC? What is this for about?
<NFC> is a short-range radio technology that allows devices such as cell phones to act as mobile payment devices. The NFC chip inside the phone can be programmed to trigger a number of different actions when it comes in contact with another NFC chip or reader.The NFC functionality will be delivered via the user’s SIM .
Nokia can chose to compete in the space they’ve helped develop and mature since the early 90s, where competition grows more and more fierce each day, or they change the rules to their advantage. With Nokia being the 5th most popular brand today, thanks to their wide portfolio of mobile phones that fit every budget, they already have a head start at gaining people’s trust at becoming a viable financial institution.
