Extract . . .
Much of the discussion at Mobile World Congress has been about turning the mobile phone into a payment device. Handset manufacturers, network operators and even the boss of Google have been talking-up Near Field Communication (NFC). The technology allows nearby devices to exchange data - for example a sales transaction - and is seen as a way for mobiles to replace the plastic in people's wallets.
Read more here:
http://www.bbc.co.uk/news/technology-12478643
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