The value of global mobile transactions will grow from US$241 billion in 2011 to more than $1 trillion by 2015, a compound annual growth rate of 56%, according to Yankee Group‘s latest Mobile Money Forecast, part of a new Mobile Money Strategies research service... More
“At this stage, we will not be progressing with microSD as a contactless payment technology platform,” says the Australian banking giant. More
News in brief from the NFC world and beyond: Korea gets NFC Forum test lab • Verayo hires CTO from Apple • US Bank issues contactless EMV cards • SPVA releases secure payment device standards • Majority don’t trust mobile phone companies • 20m Visa contactless cards in UK by end of year • Groupon ties deals to loyalty cards • Identive appoints NFC VP • and more… More
A survey of 1,036 US adult consumers, conducted by StrategyOne on behalf of Verifone, has found that almost twice as many are interested in using mobile payments if the service also includes a way to get discounts and coupons on their phones... More
A survey of more than 1,000 US smartphone owners has found that Apple and Google top the list of the companies most trusted to provide them with a mobile wallet... More
Market research firm YouGov has found 70% of British consumers haven’t heard of mobile wallets and 91% haven’t heard of NFC technology... More
NFC has truly arrived... More
NFC mobile contactless payment transactions will reach nearly US$50bn worldwide by 2014, according to market forecasters Juniper Research... More
The level of positive responses to a new survey of US consumer attitudes to NFC mobile payments represents a “significant volume… beyond the level we’d call early adopters”, says Compete. More
More than 700 million people in emerging markets around the world will be using mobile money services in 2015, new research from Berg Insight suggests, as the market grows 40% a year from 2010’s 133m users... More
Technical specifications have been finalised, the French government is providing €20m to promote the adoption of NFC services and four mobile network operators and four banks have announced they will deploy NFC services nationally in the spring of 2012. More
News in brief from the NFC world and beyond: M-Pesa revenues soar • Google Offers trial gets underway • Tyfone expands team • NXP’s partner programme • SVB picks EMV • British consumers ‘not comfortable’ with location-based services • SCM launches plug-in NFC reader • Elephant Talk to unveil NFC mobile wallet platform • and more… More
News in brief from the NFC world and beyond: Identive, NXP sign VAR deal • Huawei planning NFC phones? • Vodacom looks to NFC • NFC domain names on Ebay • US banks debut P2P payments • Samsung smashes Galaxy sales record • US theme park to offer next-gen shopping experience • Rhodes framework adds NFC support • and more… More
The ability to instantly block a lost or stolen card — a key feature of NFC payments services — topped the list of transactional features 18- to 26-year-olds would be prepared to pay for, a UK survey has found. More
NFC tops the list of new services that will drive 50% of British consumers to adopt mobile banking by 2014, new research from Monitise and the Future Foundation has found. More
A survey of US consumers conducted for MasterCard has found strong interest in using mobile phones to make payments... More
Consumer research conducted in nine countries has found that the online giant is the most trusted by consumers to handle personal financial data when making mobile payments. More
News in brief from the NFC world and beyond: New online NFC store • eBay buys hyperlocal ads firm • Connecthings launches reader/writer app • Google’s Groupon rival hits Portland • Chase offers chip and pin in US • Visa and Gap working on real-time mobile discounts • Nokia to transfer Symbian jobs • and a brace of research reports… More
Just over half of British smartphone users would welcome the introduction of NFC payment services on their mobile phone, according to a new survey by the company behind the MyVoucherCodes website... More
More than half of UK retailers are considering using NFC technology as part of their overall mobile strategy, citing competitive pressures and customer demand as key drivers for this decision... More