Samsung has announced that it has signed a long term relationship with Visa to enhance mobile payment system through its smartphones. The partnership was unveiled at Mobile World Congress this year. The new payment system will make use of the NFC chip in smartphones for transactions. NFC is a new standard for radio communication in smartphones. It communicates with other NFC enabled devices when they are kept closely. Many new Android and Nokia phones have built in NFC feature. To see a demo of this payment system, please watch the video embedded above.
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