If you trust Visa or MasterCard with plastic payments, this will be no different, according to Mung-Ki Woo, the head of mobile for MasterCard Worldwide.

CNN: Mark Milian

On the podcast we also discuss a phenomenon that was abetted by the Internet, the mung bean-snake oil guru Zhang Wuben, written about in detail here.

FORBES: China's Ambivalent Relationship With The Internet: Podcast

"We are excited to have certified the Lumia 610 NFC for use with our industry-leading PayPass technology, joining other Nokia smartphones helping consumers choose when, where and how they shop on devices they own and love, " said Mung Ki Woo, group executive, Mobile at MasterCard.

ENGADGET: NFC version of Nokia Lumia 610 accidentally leaked on YouTube (update: now official)