To date, the Finance sector has gone through various technological advancements. The adoption of cutting-edge technologies and tools has transformed the working of the Fintech sector drastically during the past ten years.

The way how individuals used financial services earlier has changed completely, it is a result of the convergence of technology and finance. Technological changes helped to provide facilities like E-wallets, applying for online loans, and paying bills from anywhere.

Nowadays, NFC payment apps are a crucial part of the finance sector that is drawing people’s attention at a rapid pace. Various business enthusiasts are heading towards FinTech app development services to gain more profit. NFC payment apps contain various features that make people use them worldwide.

NFC also allows for the wireless exchange of data among two devices that are maintained 20 cm apart. Europe and Asia have surely incorporated this technology has already been using and now NFC is currently gaining acceptance in North America.

In this blog, we will cover details about NFC, its popularity, and the top best NFC payment apps which are gaining popularity and making payments easier.

What is NFC?

Near Field Communication is referred to as NFC. It’s a technique that enables users to safely process a transaction at a close range (around 4 cm) using their phone. It has amazing payment processing options for a variety of enterprises, including restaurants, stores, and more. Wireless payments via mobile wallets are the reason why businesses are preferring financial software development solutions integrated with NFC.

what is nfc

When using an NFC payment app to make purchases in physical stores, your smartphone functions like a credit card. You don’t need to pass a card or confirm your PIN on external devices, giving NFC an advantage over traditional payment options. You can process anything on your smartphone by simply placing it close to the terminal. The reader and the smartcard interface are combined into one device using NFC, an advancement of the current RFID technology.

How does NFC Work?

NFC payment apps comprise an NFC- enabled reader that helps in conveying a signal to find out the payment device allowed by NFC. Whenever a customer initiates a payment, the enabled reader receives the payment information from the payment device or smartphone.

how nfc work

After that, with the help of precise frequency, Smartphone and reader exchange end-to-end encrypted information to and fro, and the payment is eventually executed. NFC is an easy-to-use app that has made payment convenient and hence, started gaining approval.

NFC Cardless Payment Stats

NFC Stats


According to Statista, the contactless payment market has grown at a large level, and it has earned revenue of around $15.87 billion in 2014. It is also predicted that this sector will touch a mark of $358 billion by 2025. In the future, we can see several technological changes in NFC payment apps to become more user-friendly and convenient.

What are the Major Advantages of NFC Payments?

There are many advantages we have enjoyed while using wireless payment apps. Some of those advantages are-

1. Suitability and Ease of Use

Consumers always search for a way that is expedient for them. One of the big reasons for the NFC app’s success is that it simplifies payment processes and is so easy to understand. There is no rocket science or not like EMV (Europay, MasterCard®, and Visa®) transactions where people have to learn the process. With NFC apps, you just have to place the NFC-powered smartphone near the reader or tap the NFC card.

2. Enhanced Operational Competence

You can complete a transaction within a very small period due to NFC which made doing payments easier in the best way possible. From standing in queue for a small transaction to doing it with just your cell phone, it has come a long way. If customers have NFC enabled payment method, they can skip the long queue. It is convenient and provides more customer satisfaction.

3. Improved Security

When it comes to our money or wallet, we want the best possible security. For NFC protection from tokenization of private and personally-identifying apps to transferring payments, it provides two-factor authentication to provide more security such as passwords and biometrics to save you from theft and control fraud.

Top 10 NFC Mobile Payment Apps to Check Out in 2022

Over the years, many NFC payments apps have been launched and with that, they have gained the attention of customers. So, let’s talk about these apps and how they are integrated with multiple features to provide ease of use to customers-

1. Google Pay

In the year 2018, Google Pay was introduced and since then it has assisted as a personal banking system for users. It provides secure transactions with end-to-end encryption across devices. The merger of Google Wallet and Android Pay became Google Pay.

Due to many mobile payment apps like Google Pay, it has now become convenient to send and receive money. According to Statista, GPay has crossed 150 million monthly users among 42 countries. Millions of physical stores today have applied the NFC payment technology.

google pay

But do you know how Google Pay works and make payments so fast? When the user opens the google pay app, several payment options appear on the dashboard. To send or receive money from any person, you can request their UPI, barcode, Contacts, Banking details, or QR code. While sending the amount, you have to select a banking detail to send the money The app clears the payment by sending information to its backend.

Benefits of Google Pay-

  • Helps in receiving and sending money quickly.
  • Many cashback rewards and benefits.
  • Pay rent, electricity, and utility bills with just one click
  • No extra cost for using the app
  • Integration is very easy by API and no fee is involved.
  • End to End encryption and multiple security
  • Suitable for businesses & individuals.

2. Apple Pay

Apply pay was launched in November 2015, partnering with American Express. One of the reasons behind its popularity is its features, the Apply Pay provides virtual account numbers instead of saving real credit or debit card numbers. They don’t save your personal information in the iOS NFC payment app.

apple pay

Android NFC payment app features may be limited but with the help of Apple Pay, you can enjoy features like in-app purchases on your iPhone or iOS. As a business, you must pay extra attention to integrated features as they can have a large impact on overall mobile app development costs.  

Apple Pay is feature-rich with-

  • Contact-less payments.
  • The app never shares your personal information with the merchant.
  • A tokenization method is used for every transaction.
  • The app can be disabled via Apple Pay’s ‘’find my’’ feature if your device is lost.
  • Two-factor authentication for security.
  • Users can disable Apple Pay through the iCloud system if they ever feel their account is insecure.

3. PayPal

The NFC app PayPal was introduced in 1998 and has been around for a while. Regular improvements have turned the NFC app into a hit among users. In the majority of situations, when businesses pay freelancers, they usually use PayPal to make international payments as it has proven to be the safest. It functions on both iOS and Android.


Additionally, it is compatible with GPay and Apple pay, allowing users to send up to $10,000 at once after account opening. There are now 426 million PayPal users. PayPal’s continued success can be attributed in part to the fact that it is free to use and does not impose an annual membership fee, it is the reason why businesses want to build eWallet app PayPal.

To provide a worldwide, real-time payment solution, the PayPal network expands on the already-existing financial structure of bank accounts and credit cards. Anyone who has an email address and uses PayPal may send and accept payments online easily and affordably.

Many Benefits of using PayPal are-

  • Make Global Payments
  • Multiple Language support
  • Instant and secure transfer
  • No additional fees
  • Tap and pay app
  • Widespread online and in-person Payment solutions
  • User-friendly and Interactive UI

4. Samsung Pay

Another popular NFC payment app is Samsung Pay which enables users to make payments on Samsung phones and other handsets that are compatible. Multiple cards are supported because it is NFC enabled. Card magnetic stripe data is sent to the terminal using MST (Magnetic Secure Transactions) to complete the transaction. Across the globe, 100 million people use Samsung Pay.

samsung pay

Due to users’ ability to utilize both frictionless NFC and magnetic strip technology, which is what most cards use, the service is now compatible with a variety of places of sale and easy to use for customers for making purchases. Currently, Samsung Pay allows you to pay using PayPal, pre-paid and transit cards, as well as cash deposits and withdrawals from ATMs.

Here are some other advantages of Samsung Pay that make this eWallet app successful in the market-

  • Send money using a cell number from the wallet.
  • Securely scan QR codes to make payments.
  • Produce one-time codes for payments made by merchants.
  • Use your mobile number to send money from your wallet.
  • Deals, gift cards, promotions, and offers from thousands of regional and national stores are available with Samsung Pay.
  • Samsung Pay offers an additional level of security of biometrics, PIN, and fingerprint.

5. Square Wallet

The Square Wallet is available for both iOS and Android devices, and it is a contactless payment app. It is a location-based app that can be connected to credit cards. The app will let the businesses you’re trying to pay to know that you’ve initiated a payment with your associated square account.

square wallet

With the option of a portable checkout, the program lets you bookmark your shipper. At checkout, all you have to do is tell your name. As you shop at these establishments, you can accrue points for future purchases. This app is the best go-to solution if you have limited eWallet app development costs.

Square Wallet has features like–

  • In-Built and customer-driven checkout.
  • Multiple payment methods
  • Contactless payment app
  • Multiple layers of security
  • Bookmark your regular or favorite shipper
  • Rewards and discounts.

6. Visa payWave

It is the best NFC cardless payment app that has comprised of a computer chip to send or receive payments. Cards issued by Visa PayWave are just as secure and safe as other cards. By making quick payments at the payment counter, you can save time. Users can make payments with simply a wave of their card or smartphone thanks to Visa payWave’s contactless payment technology.

visa payvave

Visa payWave transmits payment data to a secure reader at the point of sale using an integrated computer chip. Payments can be made by waving a card or device between 2.5 and 5 cm (1-2 inches) from the reader.

Visa payWave has its features-

  • Read range restrictions.
  • Monitoring fraud in real-time.
  • Zero-tolerance fraud responsibility policy for consumers.
  • Low transactional threshold absents a pin.
  • Consumers are in charge.
  • Boosted security to reduce fraud.

7. Venmo

Venmo is the best contactless pay app with the feature of peer-to-peer exchange owned by PayPal. Venmo works similarly to other apps like Apple pay, Google pay, and Samsung pay. Once you have downloaded and installed the app, you can link it to a debit or credit card, or your wallet, and you are ready to make or receive payment.


You can begin your crypto purchases on Venmo. Venmo also provides great assistance in your crypto payment. You can easily send money to your friends, and family. Not only this, but you can also add personalized notes along with those payments. Venmo is making goodwill in the market and crossed 70 million users in 2021.

Seeing the growth, you can take the help of an experienced eWallet app development company if you are looking to build an NFC payment app like Venmo.

Venmo has handy features too, such as-

  • Processing of ACH payments.
  • Customer interaction.
  • Data Protection.
  • Synchronization of data.
  • Processing of debit/credit cards.
  • Online payments.
  • In-Person Transactions.
  • Access through mobile.

8. Zelle

The best contactless app to transfer money to someone or receive money from someone else is Zelle, a speedy and secure P2P payment network. Due to the speedy completion of transactions is possible only when the sender and recipient are Zelle registered, this platform has swiftly surpassed Venmo (a service owned by PayPal) in terms of the user base.

zelle app

It has become popular for providing speedier payments implied by its strong interaction with banks. Anyone who wants to use the app needs to have a U.S. bank account.

The amazing features of the Zelle app-

  • Easy and Fast money transfer
  • Supports peer-to-peer payment
  • No additional charges
  • Earn interest on money kept in a checking or saving account tied to Zelle.
  • User-friendly interface
  • Convenience to customers as it has support from nearly 10,000 banks and credit unions in the U.S.

9. Xoom

Xoom was acquired by PayPal in 2015 which made it convenient to send money to people around. With this app, you can send money or pay others in around 160 countries. Due to its dependability, service guarantee, and partnership with PayPal, Xoom has a strong reputation.

xoom app

Unlike PayPal, Xoom enables both domestic and international money transfers. Additionally, to use the money transfer service on XOOM you can make an account from PayPal. Xoom has a user base of 250 million people and safeguards their transactions every day.

It has other characteristics that is helping people such as-

  • Different delivery options
  • Pay for pickup and delivery services.
  • International bill payments
  • Pay money to a recipient’s bank account, card, or wallet.
  • Pay for a prepaid mobile recharge.

10. Cards- Mobile Wallet

Cards is a mobile wallet app that keeps your necessary things in one place such as cards, passes, tickets, and Key cards in one app. With this app, you don’t have to scratch your mind to search for items on your phone. Cards keep your belongings cluttered way, which is what makes them safer, faster, and more reliable.

cards wallet

The cards app allows payment transfer, booking for your flight, ordering from your favorite restaurant as well as tracking your courier parcels. It has a very easy user interface. seeing thousands of downloads from the play store worldwide, Cards is well-liked by users and gives a 4.3 rating on Google Play.

You can enjoy benefits such as-

  • Keeping your loyalty cards/Identity cards/tickets/Key cards.
  • Authenticated and verified transactions
  • Easy user interface
  • Discounts and Rewards
  • End-to-end encryption
  • Two-factor authentication
  • With barcodes, you can send cards.


Above, we have provided you with a list of the top 10 NFC payment apps. With the growing demand for NFC, many merchandisers are slowly realizing the importance of these apps. With digital advancements, people have started using the NFC payment app in their day-to-day life. Businesses are realizing that investing in eWallet app design and development can be a great option.

But, in recent times, there are so many data privacy breaches that are leading to robbery and fraud, businesses are focusing on adding more security features to NFC payment apps.

If you are a merchandiser who is looking out for a reliable mobile app development company, your search is over. With years of experience and an expert team, we have got expertise in financial software development solutions. We at SemiDot Infotech can help you build different solutions such as custom financial apps, eWallet apps, crypto wallet apps, etc. Our FinTech app development services have covered end-to-end encrypted solutions, great user interfaces, and other apps. If you still have a query about mobile app development cost, mobile app delivery time, or any other pop-ups in your mind, you can contact us. Our team is ready to assist you in every way possible.


Go through these FAQs to know more about NFC app development, check out below-

  1. Which payment app is most secure?

    The top secured payment apps to send money to friends, family, or anyone else are PayPal, GPay, Apple pay, Square Wallet, Zelle, and Venmo. They have features like end-to-end encryption, ease of use, a good user interface, and fast payment.

  2. Are NFC payments secure?

    Yes, they are safe and more secure than established swiped systems. To reduce the risk of scams or fraud, the card and their numbers are encoded and tokenized.

  3. Which payment apps use NFC?

    Payment apps that use NFC are Google Pay, PayPal, LifeLock wallet, Visa payWave, Apple Pay, and MasterCard PayPass.

  4. Does Google Pay support NFC payment?

    Yes, Google Pay helps you to do secure contactless payments with the use of the NFC payment apps through your smartphone.

paypal like app cta nfc
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