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Visa Europe forecasts breakout year for NFC

“The year ahead will see us putting mobile contactless payments into consumers’ hands and introducing digital wallets on a mass scale,” says Peter Ayliffe, chief executive of Visa Europe, as the payments network predicts there will be 40 mobile contactless payments issuers in Europe in 2013.

Visa Europe CEO Peter Ayliffe

CEO: Visa Europe’s Peter Ayliffe

2013 is set to be a breakout year for mobile contactless payments and digital wallets, according to Visa Europe.

Across Europe, in 2013, there will be 40 issuers offering mobile contactless payment services to consumers, the payments network says, and by the end of 2013 around 80 types of smartphone will be certified by Visa to carry out contactless payments.

Contactless transactions in Europe quadrupled in 2012 and Visa Europe expects to repeat this growth in 2013. This year will also see the rollout of V.me, Visa’s digital wallet, in the UK, France and Spain and, Visa Europe says, it believes that one-third of all European consumers will be using the V.me wallet by 2020.

“The past six years have been about preparing and building the European payments infrastructure to support European commerce and the delivery of new payment technologies,” explains Peter Ayliffe, chief executive of Visa Europe. “The year ahead will see us putting mobile contactless payments into consumers’ hands and introducing digital wallets on a mass scale for the first time.”

“We know that consumers and retailers trust Visa to deliver new technologies that are credible, secure and resilient. It is this combination of innovation and robust infrastructure which means Visa will remain at the forefront of payment technology in Europe.”

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