Samsung and Visa will now be working together to make mobile payments via near field communication (NFC) technology a reality, a feature which many have been lustily eyeing but few have been able to widely implement.
The two companies announced this partnership yesterday in Barcelona, Spain during the Mobile World Congress and plan to build upon Visa’s existing NFC initiatives in Europe, the UK and the US. Samsung’s market dominance and Visa’s ability to sign such deals makes this partnership an important one for the future of mobile payments.
