The total value of NFC mobile payment transactions will increase from US$4bn in 2012 to pass $100bn in 2016 and US$191bn in 2017, according to a new forecast by ABI Research. 26% of NFC handsets will house a contactless ticketing application in five years time, the researchers add.
- NFC Ring circles the globe
- JPMorgan Chase to support Android Pay
- Apple Pay bank list grows
- Samsung Pay hits 100m transactions in first year
- Transport for NSW seeks bright ideas