Android-based smartphones with NFC (Near Field Communication) will help turn mobile phones into wallets, but there are issues that have to be solved before that happens, according to analysts.
On Monday, Google CEO Eric Schmidt announced at the Web. 2.0 Summit that the next version of Android, code-named Gingerbread, will support mobile payments and he also showed an upcoming Android-based smartphone with an integrated NFC chipset.
“We think actually that Android devices should support [NFC],” said Schmidt.
NFC is a short-range wireless technology that, for example, can be used to make contactless payments.