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    News in brief

    Contactless POS transactions nearing $500bn

    News in brief

    The global annual value of contactless point of sale terminal transactions — conducted in-store using cards, mobile phones and wearables — will approach US$500bn in 2017, up from an estimated $321bn this year, Juniper Research predicts. “However, the low value nature of contactless payments means that it will only represent just 5% of the total value of all POS transactions in 2017,” the firm says.

    Filed by Email Rian Boden Published • Last updated 22 September 2016, 14:36

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