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I agree with the previous comments. Mobile payments that only replace physical debit and credit cards will have limited added value for both payer as well as merchant. Replacement of inconvenient cash payments is in my opinion where the short term business case lies (p2p, POS-less shops/restaurants, door delivery, vending machines, parking, etc.). It´s also not a matter of either QR or NFC, but a co-existence of the two, where QR has the potential of short term mass adoption, while NFC will take another 5 years before there is an installed base that is large enough for mass adoption. The risk of a NFC only strategy is that at the time NFC is widely adopted, QR based schemes could already have taken large parts of the market.

On the long term the business case is not in the payment transaction itself, but in the offering of location based and instant discount/voucher campaigns and loyalty schemes accessible through mobile devices.