NFC and Google Wallet

NFC: Near Field Communication Technology

RFID (radio frequency identification) technology, also known as electronic tags and radio frequency identification, is used by bus cards.

Small NFC transmission range, secure and low power consumption

RFID is a recognition technology, while NFC is an interactive communication method. Some people say that NFC is an improved version of RFID.

Currently, smartphones support NFC, which is embedded with NFC chips. In the future, mobile phones will be used to directly swipe cards. Of course, the service provider must support NFC. For example, bus swipe cards and POS machines in malls.

You can still recharge or deduct points.

Google Wallet is an annotation application of NFC. It is associated with a credit card. After reading some articles, it mentions [bypassing the operator], which is critical. This involves the so-called "Mobile Payment" concept.

Imagine, normally, we are currently paying by mobile phone, such as sending a text message to the service center, and the deduction must go through China Mobile or other carriers, but now we can only support a small amount of payment, the scope of use is also very limited. However, once NFC is implemented, the transactions operated by the mobile phone keyboard do not pass through the operator, but are deducted through embedded cards. The operator cannot profit from it. Naturally, the conflict between the operator and the Mobile Wallet arises. The operator will strengthen its payment methods to compete for the users of the Mobile Wallet.

Banks also share their natural advantages. For example, major malls Support card swiping and a large number of POS machines.

It is too easy for carriers and banks to create another card because of their terminal advantages. Even though Google Wallet can be independently recharged, it has no historic terminal advantage, so it is difficult to advance Google Wallet.

Of course, it is a good thing for ordinary people to manage their wallets as long as they can achieve unified and convenient payment through mobile phones.

References:

Google Wallet is facing a failure: A lot of interest chain is hard to deal

Http://www.newhua.com/2012/0604/162500.shtml

Google Wallet failed for reference in China: Mobile UnionPay is the main obstacle

Http://tech.ifeng.com/internet/detail_2012_06/05/15055953_0.shtml