Visa Europe has certified certain smartphones made by Samsung, LG and Blackberry to use its mobile app for payments – Visa payWave.
The Samsung Galaxy SII, LG Optimus NET NFC, BlackBerry® Bold™ 9900, BlackBerry Bold 9790, BlackBerry® Curve™ 9360 and BlackBerry Curve 9380 have been added to Visa’s list of “compliant payment products” i.e. wave and pay phones.
All these phones have NFC (Near Field Communication), which enables mobile phones to securely transmit payment to a terminal at tills in retail outlets.
Visa has a compliance testing process for both mobile devices and the secure elements that host the Visa payWave mobile application.
It’s predicted that the value of NFC-based transactions will grow, from $27 million in 2010 to $40 billion in 2014.
(Below is an ad for payWave (cards only) from Australia, but it shows how easy payWave works.)

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