NFC Money Transfer Specification Alternative To QR Codes Announced

DATE: Fri, Aug 15, 2025
PUBLICATION: Digital Journal

The NFC Forum, the world’s leading standards and advocacy association for Near Field Communication (NFC) technology, released its NFC Money Transfer Candidate Specification (NMT) today. NMT gives payment service providers and consumers the opportunity to take advantage of the simple and secure NFC-based payment solutions already in use worldwide as an alternative to QR code-based solutions.