Strategy Analytics sees strong mobile NFC payments growth

Monday 14 March 2016 | 15:41 CET | Author: Marion ter Welle | Background
In their latest report, "Mobile NFC Payment Forecast Update: 2004-2021" Strategy Analytics predicts a growth to USD 240 billion by the year 2021 of payments made via a mobile NFC application, up from around USD 30 billion in 2016. They believe that NFC based payments via mobile phone will increase at the retailers' points of sale as the contactless infrastructure is becoming increasingly mature across many countries, while at the same time mobile payments gain in awareness. The growing awareness stems from the increasing competition between mobile wallet offerings from device manufacturers,

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Categories: Mobile & Wireless
Companies: Apple / KPN / MasterCard / Samsung / Strategy Analytics / Visa / Vodafone
Countries: Netherlands / United States / World
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