Having your cellphone as the only thing you need to carry to pay for anything from bus and train fares to your week's groceries and much more is become a distinct possibility as a 'ducks line up' for mobile payment systems enabled by near field communications.

Cabcharge Australia is to install new VeriFone EFTPOS terminals in all 18,000 taxis using its service. These will support chip and PIN, pen and PIN, contactless and, down the track, near field communications (NFC) that will enable taxi FAres to be paid from NFC enabled cellphones.