More than US$100bn will be spent worldwide using NFC in 2016 according to NFC Mobile Payments, a new report from ABI Research... More
Research
Fed studies P2P payments
The Federal Reserve Bank of Atlanta’s Retail Payments Risk Forum has published a working paper (PDF) on peer-to-peer payments as a resource for regulators, consumers, and the payments industry... More
630m NFC phones in 2015
A total of 630m handsets, representing 40% of all mobile phones shipped, will come with NFC in 2015 and will drive transactions worth US$71bn, according to a new report by Informa Telecoms & Media... More
UK consumers will pay up to £3 to load a mobile wallet
70% of UK smartphone users and 34% of non-smartphone users say they would be willing to try out NFC payments, a new consumer survey has found. More
Kimtag: NFC tag reading is growing 22% a month
An analysis of the UK QR code and NFC tag provider’s usage logs has found that take-up of NFC tag reading has increased by more than 170% over the last six months. More
IAB: 74% of UK consumers now in favour of NFC
“There is clearly a consumer appetite to use m-commerce in store, so it will be fascinating to see consumer adoption of NFC as the technology becomes more commonplace in the UK,” says the Internet Advertising Bureau’s Alex Kozloff. More
Mobile payments to overtake cards within ten years
Mobile payments will represent 15% of all card transactions by 2013, and will overcome card volumes within 10 years if growth continues at the same rate, according to the World Payments Report 2011. More
One in three Canadians ready to use bank-issued mobile wallets
A new survey has found that a third of Canadians would use a mobile wallet if it was provided to them by their bank — but there is less interest in mobile wallets provided by other potential types of issuer. More
Contactless convenience begins to win over UK consumers
A survey of British consumers’ attitudes to contactless payment has found that 90% of users say it makes life simpler and 85% would recommend the technology to friends and family. More
More than half of consumers ready to swap location data for targeted content and promotions
A survey conducted for location-based mobile media company JiWire has found that 53% of Americans and 69% of Brits are now willing to share their location in exchange for receiving more relevant mobile promotions and content... More
ABI: 85% of POS terminals to support contactless payments in 2016
85% of terminals shipped worldwide will be contactless-enabled in 2016, driven by increased proliferation of contactless cards and, especially, rapid adoption of NFC-enabled cell phones, ABI Research predicts... More
TSM market to be worth 330m euros annually by 2015
“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
Gartner’s Hype Cycle places NFC at ‘Peak of Inflated Expectations’
The Emerging Technologies Hype Cycle is designed “to highlight the common pattern of overenthusiasm, disillusionment and eventual realism that accompanies each new technology and innovation,” says the company. More
ABI: Chinese NFC payments could top $8bn by 2014
More than US$8bn in transactions could be conducted in China using NFC phones by 2014, according to Mobile Payments in China, a new report by ABI Research... More
Survey: Two-thirds of UK shoppers say cash is inconvenient
“Consumers are increasingly less willing to carry large amounts of change around with them and many believe that coins will become obsolete in the future,” new consumer research conducted by Barclays and Barclaycard has found. More
ABI: One billion contactless payments cards to ship in 2016
One billion payment cards with contactless capabilities will be shipped globally in 2016, up from just 170 million in 2010, according to Payment Cards, a new report from ABI Research... More
Gartner: Mobile payments growth is slower than expected
More than 140 million people will use mobile payments services of one type or another this year, but Gartner believes mass market adoption of NFC payments is still at least four years away. More
KPMG: Mobile payments are two to four years away from mainstream acceptance
A global survey of executives conducted by KPMG has found that the vast majority believe mobile payments will hit the mainstream within four years and nearly half say they think mass-market acceptance is only two years away. More
Consumers to spend $50bn a year via NFC phones by 2014
The value of payments made via mobile phones worldwide will reach US$670bn by 2015, up from $240bn this year, according to a new forecast by Juniper Research... More
Telenor and DnB Nor begin NFC trial in Oslo
The Norwegian bank and mobile network operator have contracted Giesecke & Devrient to provide them with a turnkey NFC solution for a mobile payments trial that will involve a dozen merchant locations in Oslo. More