An NXP Semiconductors official believes the single wire protocol specification has solved the chicken and egg problem that has dogged the mobile payments industry. Speaking with ZDNet Asia at the NFC World Asia event in Singapore this week, Charles Dachs, NXP’s head of product management, noted that lack of standardization has stalled many NFC pilots.
The SWP, first introduced by Gemalto in 2006, has been endorsed by the Global System for Mobile communications Association (GSMA). Dachs said the industry is still at an “early adoption” phase of NFC mobile payments–though consumers can expect “large deployments” in 2011 and 2012.
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