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Mobile & Wireless

Contactless unlikely to be common practice soon - study

Tuesday 1 May 2012 | 10:31 CET | News
Conditions are not right for contactless mobile payment to become everyday practice in the short term, according to a study by research institute CSA. Although some people have hailed 2012 as the big year for m-payment, others, including CSA take a more conservative view, Businessmobile.fr reports. Merchants are taking longer than expected to equip themselves with the country's Moneo contactless readers. The necessary conditions are the availability of NFC-compatible phones, the equipping of shops and winning the trust of consumers and future users. Things are going well in terms of device compatibility and Apple is expected to put NFC technology in the iPhone 5. A CSA survey found that 69 percent of smartphone owners had heard of contactless payments and NFC, although 23 percent said they had heard it mention or read about it several times, while 46 percent said they "vaguely" remember hearing something about it. Only 47 percent of respondents said they would like to be given the possibility of paying with their mobile and 19 percent really did not want to. Furthermore, the simplicity, speed and portability of m-payment are not strong selling points vis-à-vis bank cards.


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Categories: Mobile & Wireless
Companies: Moneo
Countries: France
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