Near Field Communication (NFC) allows contactless transactions and data sharing through devices like smartphones and credit cards. NFC uses electromagnetic induction to transmit information short distances. It provides several applications like contactless payments, digital tickets, content sharing, and keyless entry. However, NFC also faces security risks like eavesdropping, data interception and lost device attacks. Future applications include more uses of mobile devices as digital keys and wallets. Security can be improved through encryption and authentication.