PayPal demos new smartphone payment feature

PayPal today demonstrated a new payment feature that lets users tap two mobile phones together to transfer money.

The new widget, which is currently only available on Samsung's Android Nexus S phones, uses near-field communications technology. PayPal plans to bring "NFC payments to life on the Android platform," said Laura Chambers, senior director of mobile operations, in a PayPal blog post.

Chambers showed off the new feature at today's MobileBeat conference in San Francisco.