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News in brief

In-Stat: NFC to hit US$9.9bn

News in brief

Market forecaster In-Stat predicts that the value of proximity mobile payment transactions will approach US$9.9 billion in 2016, up from $1.1 billion in 2012. The Asia Pacific region will dominate payments volumes throughout the next few years, the company says, accounting for 41% of global transactions in 2016.

Filed by Email Sarah Clark Published • Last updated 13 March 2012, 10:57

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