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Wireless

Mobile NFC payments market ready to take off - study

Thursday 10 March 2016 | 15:51 CET | News
Mobile payments made via NFC-enabled handsets will approach USD 240 billion in total value by 2021, according to a Strategy Analytics forecast. Increasing competition between mobile wallets from device vendors Apple and Samsung, payment card issuers, and mobile operators, combined with a maturing contactless payment infrastructure across most regions, will finally catalyse in-store handset-based NFC purchases, the researchers believe. Furthermore, they expect consumer readiness to adopt mobile payments to improve as providers of mobile wallets increasingly support coupons and loyalty cards. 

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Categories: Mobile & Wireless
Companies: Apple / Samsung
Countries: World
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