More than half of drivers worldwide are interested in using virtual car keys to access and start their vehicles (54%) and the global virtual car key market share is predicted to increase at a compound annual growth rate of 21.8% over the course of the decade, according to a Straits Research forecast... More
The number of payment cards issued via digital card issuance platforms worldwide will increase from 500m in 2023 to more than 1.3bn by 2027, according to a Juniper Research forecast... More
The number of active digital identity apps in use globally will exceed 4.1bn by 2027, up by nearly 2bn from a total of 2.3bn in 2023, according to a forecast by Juniper Research... More
The number of credit cards issued via digital card issuance platforms worldwide will rise from 120m in 2023 to more than 320m by 2027, according to a Juniper Research forecast... More
More than eight in ten payment terminals worldwide now accept contactless payments (82%) as the number of outlets accepting card payments globally grew by 2% in 2021 to reach 88m and the number of eftpos terminals increased by 5% to reach 134m, according to research from RBR... More
The global cardless ATM market will have increased in value by US$2.11bn by 2026, an expansion driven by the growing adoption of NFC- and QR code-enabled smartphones and the emergence of biometric ATM technology, according to a Technavio forecast... More
Global payment card shipments will total 3.029bn in 2022, falling slightly from the total of 3.11bn cards shipped during 2021 because of the impact of the Covid-19 pandemic and ongoing disruption to the global chip supply, according to a forecast by ABI Research... More
The integration of virtual cards into digital wallet services like Apple Pay and Google Pay will drive a 340% increase in virtual card transactions, from 28bn in 2022 to 121bn by 2027, Juniper Research predicts... More
Digital ticketing transaction values worldwide will exceed pre-pandemic levels next year and reach US$1.7tn in 2027, up from US$768bn in 2022, according to a forecast from Juniper Research... More
Global contactless transaction values will reach US$10tn by 2027, up from US$4.6tn in 2022, with contactless mobile and wearable payments expected to grow by 221% and contactless card payments by 119% over the same period, according to a Juniper Research forecast... More
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place today at 3pm BST, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
EMVCo’s keynote for NFCW’s Contactless World Congress virtual event will take place on Wednesday at 3pm BST/10am EDT, when Brian Byrne and Jonathan Main will present about the future of contactless payments... More
Nearly one in three of all payments in the UK were made using contactless cards or with a smartphone or smart watch in 2021 (32%), a rise of 36% compared with transaction volumes in 2020, according to figures from UK Finance... More
The total value of digital wallet transactions globally will exceed US$12tn in 2026, up from US$7.5tn in 2022, and the total number of digital wallet users worldwide will increase from 3.4 billion in 2022 to more than 5.2 billion in 2026, according to a forecast by Juniper Research... More
The number of US consumers who use their smartphone to scan QR codes to make contactless payments and for a wide range of other use cases such as scanning codes in print publications, on restaurant menus and in retail outlets will rise from 83.4 million in 2022 to 99.5 million by 2025, according to an Insider Intelligence forecast... More
The delivery of payment cards worldwide will continue to be “severely” impacted by global chip shortages and disruptions in the supply chains of other materials into and throughout 2023, according to a Smart Payment Association (SPA) forecast... More
The number of checkout-free contactless stores around the world increased from 87 in 2020 to 252 in 2021 and will rise by more than 90% a year to exceed 12,000 by the end of 2027, according to Retail Banking Research (RBR)... More
The number of digital loyalty programme memberships that offer consumers rewards and incentives such as discounts, vouchers, cashback and reward points will grow by 33% from 24bn worldwide in 2022 to more than 32bn in 2026, according to a forecast by Juniper Research... More
The price of EMV-compliant chips supplied to contactless payment card manufacturers increased by more than 50% in 2021 and is expected to rise by more than 20% during 2022 with the overall cost to card issuers for finished first-use plastic cards rising by between 5% and 20% during 2021, according to US research firm Nilson Report... More
Total transaction values for remote mobile payments authorised using biometric authentication technologies such as face or fingerprint recognition worldwide will reach US$1.2tn by 2027 compared with US$332bn in 2022, according to a forecast by Juniper Research... More
