NFC Forum hopes NMT wireless spec will replace QR codes in Asia

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    • May 15, 2019 at 9:20 am #31040
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        #News(IoTStack) [ via IoTForIndiaGroup ]

        QR codes have remained popular in Asia, where the square grids have long enabled smartphone camera users to instantly load websites tied to ads and product packages. Now that QR codes are also being used to facilitate financial transactions in China and Japan, the NFC Forum (via NFC World) has come up with a faster and more secure alternative.

        Rather than having users and retailers rely upon printed, visual grids, the NFC Money Transfer (NMT) system uses the wireless near-field communication chips inside devices to facilitate transactions. NMT will enable two NFC devices to send and receive money with a simple connective tap, transferring the same data that would otherwise be stored in photographable QR codes via a secure radio connection.

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