Near Field Communication (NFC) technology makes life easier and more convenient for consumers around the world by making it simpler to make transactions, exchange digital content, and connect electronic devices with a touch. Moreover NFC allows you to share, interconnect many devices, make mobile payments, read NFC enabled tags and even do multi – player gaming by tapping your device against your friends.

NFC is the next big thing in terms of payment services – Mobile payment users are expected to reach 375 million wherein NFC chip shipments are expected to surpass 1.2 billion by 2015. Moreover NFC will have the global penetration of 30% by 2015.

According to Gartner NFC is among the "Top 10 strategic technologies for 2012"

NFC will be the next big game – changer in India as from Indian consumer perspective people love sharing. NFC and m-payments have great potential due to the relationship between a mobile subscriber and their handset, where the mobile device is often with the end-user for most of their waking time. With mobile penetration reaching 100 per cent in the masses, the mobile phone will soon be in virtually every ones pocket. NFC Payments, banking and cashless shopping are currently major areas of growth in the Indian mobile world and these are set to become even more specialized than they are at the moment. .

The emergence of mobile payments and near field communications (NFC) as a viable tool for customers to pay for services on their mobile phone in India has started attracting Telco's, Banks, Retail, NFC Solutions Companies and Handset Manufacturers. This NFC ecosystem in India has started evaluating how they can profit from this service.