The NFC Chip and the E-Commerce

NFC is a set of standards for smartphones and similar devices to establish radio communication with each other by touching then together or bringing them into proximity, usually no more than a few center meters.

 

The NFC chip within digital wallets have raised the E-commerce significantly. Here is a diagram shows the raise of E-commerce by digital wallets.

Here is an article that further introduce the use of NFC chip in Google digital wallet: "With wallet update , Google promises continued NFC investment" by Matt Hamblen, 2013:

http://www.cio.com/article/2382449/mobile-apps/with-wallet-update--google-promises-continued-nfc-investment.html