[jandrese]

Seems like NFC benefits banks just as much as chips then. That's not nothing.

[arghwhat]

Yes, chip provides an almost negligible benefit over magnet stripe, and for the bank, NFC provides the exact same benefits as chip.

My point was that NFC provides no benefit over chip.

[kpil]

They can offer a more convenient payment method.

Apple pay and Samsung pay have contact free payments, and it's also more secure than signatures.

But as new payment infrastructure is expensive they will just move if they have to. Perhaps too slow, as their competitor are gnawing at their profit margins.