Will The iPhone 5 Support NFC Mobile Payments?

This isn’t the first time that the question of NFC (Near Field Communications) capabilities in the iPhone has been raised however they may now be gathering some genuine momentum.

A recent article in Forbes suggests that the next generation phones from Apple will be equipped with NFC capabilities.

With certain Android devices already circulating with this functionality it has long been seen as an area where Google held and advantage in the rollout of their mobile payment systems.

Apple’s adoption of NFC would certainly be the tipping point that the technology needed to make the leap to mainstream adoption.

Widespread adoption of NFC for mobile payments will present a wide variety of opportunities and with chip readers already integrated into many retail outlets it would appear that Apple’s adoption of NFC may be the tipping point that the technology needed to make the leap to mainstream adoption.

To further support this demand, PC World reports “Near field communications (NFC) mobile payments will exceed US$180 billion worldwide in 2017, according to a May 2012 report by Juniper Research.”

Click here to read the complete article on Forbes.com.

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