Google is the first, it seems, to embed a chip for NFC in a cell phone for the American market. The Official Google Blog says NFC comes with the Nexus S.

It also features…NFC (near field communication) hardware that lets you read information from NFC tags. NFC is a fast, versatile short-range wireless technology that can be embedded in all kinds of everyday objects like movie posters, stickers and t-shirts.

Actually, it will also come in handy as a payment system to replace or improve on payment cards, as I have mentioned before.