Asian Journal of Engineering and Technology Innovation

Near Field Communication (NFC) ? Wave is the new way forward

Manjushree Sahana V , Padmaja Annapureddy and Shilpa Chaudhari

School of Computing and Information Technology, Reva University, Bangalore, India

Abstract

Demonetization and Digitization, these two words rattled and stirred the fabric of the Indian Economy over the past few months and has changed the landscape of the financial industry. These measures by the government though felt inconvenient by the common person at first brought with it an excellent opportunity for technology framework to play a greater role in everyday life. With mobile applications and contactless payments, taking greater precedence than ever, adoption of technologies that bring convenience has become more important than ever. Through this paper, we intend to propose NFC (Near Field Communication) as a mode of communication that could revolutionize and change the way digital payments are made. NFC is a short range, contactless communication system based on Radio Frequency Identification (RFID) infrastructure that enables bi-directional communication between two devices. There has been a lot of progress made in the field of NFC over the recent years and the availability of NFC enabled devices has increased. Government’s move to go digital and the payment scenario gaining momentum in India, more and more companies are investing on developing solutions that allow safe and secure financial transactions and improve user convenience. RBI’s conceptualization of Payment banks and its licensing is one such move to move towards a cashless society (Examples of Payment Bank: PayTM, Airtel etc). A few examples of NFC mobile payment applications that are gaining higher visibility in recent times are Apple Pay, Samsung Pay and Android Pay. In this paper, we would review the NFC technology framework, study its implementation, explore different domains where NFC technology could be applied and compare it with other related technologies based on the Internet of Things (Iot) concept.

Keywords:

Near Field Communication (NFC), NFC tags, Secure payment systems, Biometrics)