Sprint is working with payment networks and handset makers to bring NFC technology to more of its handsets. NFC, or near-field communication, allows a handset to be used in place of a credit card. With an NFC-equip phone you would be able to tap your handset on, or wave it in front of, an electronic reader in order to make a purchase, rather than pull out cash or a physical plastic card.

"We intend to make this an open solution where consumers can use their phone in a variety of physical locations," said Kevin McGinnis, vice president of product platforms for Sprint. "Because we're allowing other brands and other institutions to participate, they can also tell their consumers that this is available on Sprint."

NFC technology is already integrated in the Nexus S, a handset available on Sprint. The number of NFC-equip handsets is expected to double in 2012.

What do you think about NFC technology? Would you like to be able to use your phone as a credit card?

[via Bloomberg]