Next Windows Phone OS to have mobile payments feature?

Microsoft is reportedly planning on making a version of its Windows Phone operating system that will allow users to buy merchandise with a flick of their finger on their handsets.

As Bloomberg reports, sources close to Microsoft say that the big giant is working on including mobile-payment technology in Windows Phone. The technology uses Near Field Communication, which will let the handset communicate wirelessly with objects immediately nearby. With this technology, for example, one can use their Windows Phone handset to redeem coupons at stores by scanning their phone with a specialized reader at retailers’ checkout counters.

Thus far, Google has Near Field Communication support in its Android operating system and has introduced the first Android handset with Near Field Communication abilities. The Samsung Nexus S supports Near Field Communication. Check out Samsung Nexus S reviews for more info on the handset.

Apple, on the other hand, is also working on integrating the same feature into its handsets.

Nokia, who formed a partnership with Microsoft in February, said it will make Near Field Communication support a standard feature in its 2011 line of smartphones. However, these phones will be based on the Symbian operating system.

Microsoft is entering an arena where the total value of mobile transactions is expected to reach $245 billion in 2014, according to market researcher Gartner. Microsoft needs to step up its game when it comes to Near Field Communication support and hopefully gain a larger market share.

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