Mobile payments beyond NFC: The case for beacons

Point-of-sale proximity payments use beacon technology that allows mobile payments to be accepted not just using NFC technology such as Apple Pay, but also Bluetooth and Wi-Fi, enabling frictionless payments and making it more convenient for customers. Having a POS system in place with multiple options of Bluetooth, Wi-Fi and NFC means the system is phone agnostic and can operate outside the walled gardens of Apple’s NFC technology. This makes it a far better proposition for retailers. It is not only cheaper but faster, and less time paying means shorter queues at the tills.