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Wireless

NFC m-payment transaction spend to hit USD 100 bln in 2016

Friday 19 October 2012 | 07:07 CET | News
The total value spend of NFC mobile payments will rise from USD 4 billion in 2012 to USD 191 billion in 2017, breaking the USD 100 billion mark in 2016, according to a study by ABI Research. The report also forecasts that mobile payments and the convergence between payment types – proximity, P2P and online – stored on a single NFC handset will be the initial trigger driving market convergence across a host of other markets, including ticketing, retail, loyalty, and access control.

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Categories: Mobile & Wireless
Countries: World
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