6 Best NFC Payment Apps

Due to advancements in mobile payment technology, NFC Payments are the future of India's Digital Payment Systems. But Indians still use cash for low-value retail transactions. So how do you pluck up the courage and squash off the above mindset?

Let’s understand what NFC is.

Almost every next device is NFC compliant these days. This technology has been absorbed by many applications for parking access management, smart homes, access control, IoT and 5G, Ticketing, Transport cards, Logistics, Contactless payment, Healthcare, Data exchange between two mobiles, and likewise.

First developed by Sony, Philips, and Nokia, Near Field Communication (NFC) is a short-range wireless communications technology that connects two devices when brought closer. NFC enables devices of many types, including Data exchange between two mobiles, healthcare, contactless payments, logistics, transport cards, ticketing, IoT and 5G, Access Control, Smart Home, and Parking access management.

Near Field Communication (NFC) is utilized for making payments, accessing, and ticketing and has a shorter Range. It is a transfer of information between two devices via radio frequency signals. This technology offers many features, like keyless access to smart tags for medical applications. Banks and credit card companies have started embedding NFC into credit cards, smartphones, and wearable devices.

Key Features of NFC

● It operates at a frequency of 13.56 MHz and is in the 1 to 10 CM range.

● It does not require power to operate.

● It works on inductive coupling.

● NFC can do two-way communication.

● It has a larger storage space compared to RFID.

● Suitable for single-device communication.

How is RFID different from NFC?

RFID is a wireless technology with more extensive coverage, requires less security, and is used for fundamental applications.

Best NFC Payment Applications

● Google Pay

● Cash App

● Square

● Zelle

Out of these, let’s discuss some of the leading NFC Payment Apps:

1. Google Pay: Mobile Wallet Applications like Google Pay and Apple Pay are powered by NFC technology. Even if you have a choice to make a quick UPI payment via Apple Pay, Amazon Pay, Google Pay, Mobikwik, PhonePe, Google Pay always stands out as a convenient mode of instant payment. It is suitable for online, in-app, and in-person contactless payments. It is also known as a bill-splitting app, enabling people to know how much they owe. Bills can be split evenly, and payment requests can be sent to each person via Google Pay App.

2. Amazon Pay: Amazon allows users to do more than just shopping (A-Z) across its website, iPhone and Android applications. It has features like Amazon Pay, with which you can scan any QR, Send Money, Recharge your Mobile, Pay Bills, Buy GiftCards, Pay for your Travel, Book Movie Tickets, Purchase Subscriptions, Buy Insurance, Add Money, and Check Credit score. It has partnered with major banks to offer lifetime free credit cards for a safe, flexible, and rewarding experience. Such credit cards have no joining fee and no annual fee and offer reward points that can be redeemed on subsequent purchases from Amazon; these have built-in contactless technology to speed up payments. Such NFC cards also offer a fuel surcharge waiver that helps save money when refueling by getting a discount on fuel surcharge.

3. Apple Pay: is one of Apple's most popular P2P payment apps that is easy and works with the devices you use daily. Users can send and receive money from friends and family right in messages. Apple Pay is a safer and simpler way to pay than a physical card.

4. Stripe: is one of the best business fintech apps. Millions of businesses worldwide use Stripe to accept payments, grow revenue, and accelerate new business opportunities.

5. PayPal: It is a payment gateway software by PayPal. Users get to discover how easy and safe it is to pay for goods and shop using PayPal in India and Worldwide. It is being trusted by over 203 million users worldwide.

6. Venmo: provides a simple payment experience, just like go-to digital wallets that are being loved by millions. It started as a simple SMS platform to send and receive money and gradually evolved into a social payments app, allowing people to pay, split and share their experience.

A Quick Summary

Several top-notch options from reputable mobile app development companies are available for businesses in India seeking to integrate NFC payments into their mobile apps. These firms combine their expertise in app development with the latest NFC technology to create secure payment solutions. These NFC payment apps offer robust features, intuitive user interfaces, and robust security measures to ensure convenient customer transactions, leading to enhanced user experiences and increased customer loyalty. If you want to integrate a digital payment system into your application, connect with any mobile app development company in India, discuss your requirements on call or in person, and get started.