Financial services will be “strongly impacted” by the rise of blockchain technology and the payment ecosystem as a whole will be the most interesting vertical to target for early blockchain technology successes — but the road to this success is long, says Frost & Sullivan’s global program director. More
Senior executives from Starbucks, Pizza Hut, Barclaycard, Swatch and CaixaBank are among 12 leading payments innovators who have contributed to What’s New in Payments, a 104-page special report that is now available to download free of charge from the NFC World Knowledge Centre... More
The number of connected Internet of Things (IoT) devices and sensors will reach more than 46bn by the year 2021, a 200% increase from 2016, with the global sensors market generating revenues of US$162.36bn on its own by 2019, two research reports from Juniper Research and Frost and Sullivan reveal... More
More than 600m mobile devices worldwide will include biometric authentication within the next five years, up from 190m in 2016, with demand for methods that involve less hardware raising the profile of solutions such as voice and facial recognition, a report from Juniper Research says... More
Luxury car manufacturer Jaguar is working on a facial and gait recognition system for vehicle owners to unlock their cars, enhancing the development of “vehicle personalisation”, according to a patent filed with the US Patent and Trademark Office last month... More
One in three new cars will feature some form of biometric feature by 2025, a report by Frost & Sullivan’s Intelligent Mobility team predicts, with partnerships between automotive OEMs and wearable providers resulting in faster penetration of biometrics into the industry... More
Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts... More
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
NFC payments will account for 42.3% of all mobile payments made in Europe in 2015, according to new figures released by Frost & Sullivan... More
“NFC is a nascent industry in which all participants want to set up the conditions and obtain the greatest market share during the early stages,” new analysis from Frost & Sullivan has found. “However, NFC commercialisation will not take place if such approaches are taken.” More
The GSMA has issued a statement outlining a commitment by leading global mobile network operators — many of whom have not previously been involved in NFC — to launch commercial services in 2012. “The operator community is focused on driving the standardised deployment of mobile NFC, using the SIM as the secure element to provide authentication, security and portability,” says the announcement. More
The Asia-Pacific mobile payments market is set to double to US$3.6bn by 2015, according to a new report from Frost & Sullivan... More
The mobile money market in Western Europe is set to grow to between 4 and 5 billion Euros by 2013, according to a new forecast by Frost & Sullivan... More
The contactless and NFC infrastructure specialist has been granted a broad patent covering the over-the-air provisioning of payments cards, loyalty cards and other non-payments cards to NFC phones — and has also secured an extra US$8.6m in funding. More
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