Aside from Android 2.3 Gingerbread, one of the major features of Google’s Nexus S phone that sets it apart from the rest of the pack is its built-in NFC chip, enabling Near Field Communication. According to reports, two people familiar with Google’s plans say that the company may launch an NFC-based payment system as soon as this year. The concept will be fairly simple, allowing customers to pay for goods and services by waving their Android-powered phone against a register and checkout. Will Google’s Nexus S and rumored NFC-based payment system usher in a new era of mobile payments for the masses?

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