We have another mobile wallet in the ecosystem, and this time it's from Microsoft. Microsoft will be bringing NFC payments to Windows 10 Mobile devices on a limited basis in the United States, the company announced on its's blog. This wallet will be available only for devices on Windows Insiders. So far, the Lumia 950, 950 XL and 650 have been enabled payments via NFC. Microsoft has partnered with card payment networks Visa and MasterCard for the wallet and can be used in over a million retail locations. Users can make payments where there is a contactless payment symbol or the Microsoft Wallet logo at the point of sale. Microsoft's Wallet is currently supported by banks such as Bank of America and Chase Bank A full list of banks and credit unions supporting them can be seen here. The wallet will allow users to store their credit and debit cards, similar to Android Pay and Apple Pay. Users need tap their phone on a NFC payment terminal, and the default credit or debit card is charged. The wallet sends a one-time transaction number and encrypted security code that won't work for any other device, person, or purchase. If a phone is stolen or lost, others can't use the wallet as a phone PIN and card numbers are not stored on the app i.e. the app uses tokenization, again similar to Android Pay and Apple Pay. Why it won't work in India There are a number of hurdles for why Android Pay, Apple Pay, Samsung Pay and now Microsoft…
