NFC is a small chip that can be embedded in cell phones, it’s already in most new credit cards as well. This is a demonstration of all the things you can use NFC for, including payments.
This is the near future. Using your mobile for these kind of transactions. This video rocks! (click on the “More” option to watch it). And this Nokia is great. Loving to have a testride with it smile_regular….

(source: thinkmobile

Link to the video in YouTube.