There are quite a few options for peer-to-peer payments, i.e. from one person to another. Some messenger services have already integrated such (sometimes in other countries). This eliminates the need for a time-consuming transfer process. ING Bank NV is currently working with NXP Semiconductors and Samsung to bring such payments to ultra-broadband technology as well.
Ultra wideband technology (UWB) is now found in some smartphones (younger iPhones, selected Samsung smartphones or the Pixel 6 Pro) your place. A common use at the moment is in trackers like the AirTag, so precise positioning is possible. Unfortunately, UWB is even less common for unlocking cars. Has been discussed here in the blog several times, but so far there has not been a big breakthrough and use across various manufacturers.
Instead of exchanging data or relying on NFC, ING will use the develop the first peer-to-peer payment app (“Near”) based on ultra-broadband. It is enough to point one person’s smartphone in the direction of another person. The mere proximity is sufficient here, with NFC you have to bring both devices “close to each other”, as the name suggests. That should be much more comfortable with UWB. Should also create an additional safety factor, because the smartphones also know how close the two are. In addition, no personal data has to be exchanged, so it is not only suitable as a PayPal Friends replacement, but can also be carried out with “strangers”.
The technology is currently still at an early stage . It will soon be available on compatible Samsung smartphones (Samsung Galaxy S21 Ultra, Galaxy S22+, Galaxy S21 Ultra, Galaxy S22+, Galaxy Note 20 Pilot Ultra, Galaxy Z Fold2 and Z Fold3). It is necessary for both the payer and the recipient to have the ING app and the Near app on their smartphones. The pilot phase will start in the Netherlands in the second half of the year 2022.
There is also an outlook that sales outlets will also open in the future could put UWB. NXP will certainly push this further as a chip developer. Ultra wideband offers some future and, above all, exciting applications. For example, it is still a pity for me that the HomePod Minis from Apple do not offer indoor positioning for automating your own smart home. They also have a UWB chip and that should offer numerous possibilities in the four walls at home. We’re excited to see what’s to come.
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