Jul 13th, 2011

PayPal has unveiled a new feature for their Android application which would allow one users to transfer money to another simply by bumping their phones up against one another. It’s natural progression for the service who’s been putting more and more focus on mobile than ever before. For now, the only Android phone with NFC capabilities – the Nexus S – is supported, but more will ber automatically supported as new devices with NFC chips come out. It’ll get a summer release but that’s the only window of time we were afforded. In the meantime, check out a demo video of it above. [PayPalMobileBeat]