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I read contradicting things about the possibility implementing NFC Tap & Pay Android mobile app

I was successful in testing out this app - https://github.com/championswimmer/NFC-host-card-emulation-Android

Is it really possible to generate a tokenized card (say issued by VISA) and emulate a payment card and complete the transaction at a terminal ?

If so, Is there any protocol / spec for contactless card transmission ?

Thanks, Siva

siva
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