NFC Forum unveils payment specification as QR code alternative

DATE: Fri, Sep 05, 2025
PUBLICATION: Verdict

Massachusetts-based NFC Forum, a non-profit industry association that advocates NFC technology, has launched its NFC Money Transfer Candidate Specification (NMT) that aims to break the dominance of QR code technology. The new offering is touted as a quicker and more secure alternative to QR codes. In order to use NMT, users need to tap by holding the smartphone near a reader or other NFC-enabled devices. Unlike the case with QR codes, NMT users will not have to select a payment app or use a camera or scanner.