Why payment isn't the killer app of NFC
Janne Jalkanentalks about the challenges of NFC, their usage on mobile phones and potential applications.
But herein lies the problem: if we have a replacement technology, and the amount of money in the system stays the same, then multiple players means less money for everyone.
What this all means is that NFC payments are a big boy’s game. In order to get your payment application on the secure chip on the phone in any usable amounts, you need to have someone else’s permission. Then it becomes a matter of agreements and deals and SLAs and revenue share and all that jazz that bigco’s are very good at, but which takes a long time to happen.
