Mobile Payments and NFC adoption by retail banks have been slow to take hold over the recent years. The slow adoption can be attributed to a lack of mobile handsets to offer the capability to consumers. Mobile carriers are now starting to provide handsets with NFC capabilities built into them, so look for the consumerization of NFC-enabled handsets to take shape over the next 12 to 18 months.
Retail banks have been experimenting with mobile banking capabilities over mobile handsets for the last several years. Look for banks to begin incorporating NFC and mobile payment capability into those applications as consumers start to demand it. Retail banks also have their eyes on PayPal, who has been offering person-to-person mobile payments now for several years and has recently introduced remote deposit capture capabilities into their mobile application.