PayPal changes its mind on NFC

PayPal will announce a shift in its NFC stance this morning with two initiatives – an upgrade to its app that will support the technology and an alliance with Vodafone Group for contactless payments.
Customers in the US and Australia will be able to make NFC-based payments using the PayPal app on their smartphones, starting in the second quarter. In addition, the payments giant has joined forces with Vodafone so the operator’s mobile wallet users in a number of European countries can make NFC-enabled payments.