PayPal Intros P2P NFC Solution

Chris CrumIT Management

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Laura Chambers, senior director of PayPal Mobile, gave the audience at MobileBeat a demo of a new P2P NFC solution today, which lets people transfer money "in a matter of seconds" by tapping two smartphones. 

"This is just one of the many ways PayPal is using different types of technologies to create an entirely new way for people to shop and pay – anytime, anywhere and on any device," a representative for the company tells WebProNews.

"At this morning’s session, I had the privilege of demoing our new NFC-enabled Android widget that lets people pay and get paid in a matter of seconds by simply tapping together two Samsung Nexus S phones," Chambers wrote on the PayPal blog.

"You have to use it to believe it, but with a simple 'buzz' you’ll be able to transact with friends, family, colleagues and employees easier than ever before," she added. "Sometimes the most obvious solutions are the most elegant."

Yesterday, we looked at how PayPal might be able to help us survive the impending zombie apocalypse. While this turned out to be a community-made video rather than a PayPal commercial, it still appears to highlight the direction the company is looking to go in:

Here are a few tweets from the company from the conference:

#MBconf Laura Chambers @paypal "We grew from $141million in mobile payments in '09 to + $3billion expected this year. & its only July" 1 hour ago via TweetDeck · powered by @socialditto

#MBconf Laura Chambers @paypal "Our DNA is payments. We have great technologies and are making great acquisitions like @Where and @Zong" 1 hour ago via TweetDeck · powered by @socialditto

#MBconf Laura Chambers @paypal: "We have had a PayPal wallet for 12 yrs. We help people pay the way they want - not just prvidng a wallet" 1 hour ago via TweetDeck · powered by @socialditto

#MBconf Laura Chambers @paypal: "Some merchants call NFC Not For Commerce.They've tried it before" 1 hour ago via TweetDeck · powered by @socialditto

PayPal Uses NFC to Make Peer-to-Peer Payments Easier than Ever: (tip @techmeme) 1 hour ago via TweetDeck · powered by @socialditto

"PayPal is again leading the pack by bringing NFC payments to life on the Android platform," said Chambers.

Something tells me Google might have something to say about that before it's all said and done.

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.