NFC, or near field communication, is a short-range wireless communication technology that allows data exchange when devices are brought within close proximity of a few centimeters. It uses magnetic field induction to enable communication between electronic devices like mobile phones. NFC operates at 13.56 MHz and supports data transfer rates from 106 to 424 kbps. Common applications of NFC include mobile payments, data sharing, and electronic ticketing where a user simply taps or holds their phone near a reader. The technology is becoming increasingly common in smartphones and other mobile devices.