According to reports, Microsoft will include mobile-payment features in the next iteration of Windows Phone. This will be done in order to try and bridge the sizable gap the company has to make up with Google and their Android mobile OS.
This Near Field Communication (NFC) technology allows users to make transactions with nearby electronics devices. While mobile payments were $32 billion in 2010, it may increase to as much as $245 billion by the year 2014, according to Gartner Inc. research.
Source: BusinessWeek
