NFC Specifications Drive Mobile Wallet Development

The development of contactless technology, thanks to the NFC adoption in mobile handsets, is offering a new opportunity to create and develop value added services for the end user with an innovative and interactive experience. The adoption of common specifications within the GSM Association provides Mobile Network Operators (MNOs) a common and interoperable layer to build new services and  NFC benefits in different application environments such as mobile ticketing, payment, loyalty, and advertising—transforming the traditional physical wallet in a digital wallet with all of the required services.