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Archive: The Market

Report: Korean mobile contactless payments market set to take off

Report: Korean mobile contactless payments market set to take off

October 1st, 2010

A new report from financial services analysts Celent forecasts that the mobile contactless payments market in South Korea is set to grow at an average compound annual growth rate of some 50%. Mobile Contactless Payments… More

Inside Contactless raises 50m euros in additional funding

Inside Contactless raises 50m euros in additional funding

October 1st, 2010

Contactless and NFC specialist Inside Contactless has raised a further €50m (US$65m approx) in financing. Existing investors Gimv, Sofinnova Partners, Vertex Israel, Euro US Ventures, GGV Capital, Qualcomm Inc, Nokia Growth Partners, Samsung Ventures and… More

89% of young consumers willing to pay for mobile wallet services

September 28th, 2010

New research from mobile wallet solution provider Alcatel-Lucent has found that young consumers in ten countries around the world are willing to pay for the convenience of using their phone to check their balance, pay for public transport and buy electronic tickets. More

Facebook distributes Bling Nation payment tags to staff amid rumours of a major Silicon Valley NFC plan

September 27th, 2010

The Bling Nation NFC sticker trial in Silicon Valley has expanded from its beginnings at PayPal’s headquarters to include the Stanford University campus, Palo Alto city services and Facebook’s offices — as rumours of a major NFC play by some of Silicon Valley’s leading companies begin to emerge.  More

Tyfone’s investors explain why they took part in the MicroSD format NFC supplier’s $5m funding round

September 6th, 2010

“The investors who participated in our Series B financing round bring unique expertise within financial services and we’ll benefit from their knowledge beyond the value of their financial investment in Tyfone,” says the company’s CEO. More

Broadcom sets out its plans for NFC

September 2nd, 2010

Three months after it announced plans to buy NFC specialist Innovision for US$47.5m, the deal has completed and Broadcom VP Craig Ochikubo has spoken to NFC World about the company’s ambitions for Innovision and for the NFC market as a whole. More

Qualcomm hunts NFC specialist to head up digital development

Qualcomm hunts NFC specialist to head up digital development

August 31st, 2010

Wireless telecomms technology and chipset giant Qualcomm is set to become the latest mobile industry player to put an NFC expert at the heart of its digital development strategy. Qualcomm CDMA Technologies is looking for… More

Consumers Union calls on US government to regulate mobile payments

August 25th, 2010

As the US begins the move to adopting NFC, the government must act to ensure that consumers get full protection against fraud, processing errors and merchant disputes — especially if they are using a prepaid account or if they are charging their purchase to their mobile phone bill — says Consumers Union. More

Apple hires NFC expert as mobile commerce product manager

August 13th, 2010

Benjamin Vigier has been involved in the development of near field communication technology since 2004 and most recently was product manager for mobile wallet, payment and NFC at mobile payments specialists mFoundry. More

China Unicom in bid to make Chongqing a $7bn world leader for NFC manufacturing and innovation

August 10th, 2010

A strategic cooperation agreement signed by the mobile network operator and the Chongqing Municipal Government aims to turn the region into a $7bn a year world leader in NFC manufacturing by 2015. More

Nokia: MeeGo will include NFC too

Nokia: MeeGo will include NFC too

July 2nd, 2010

Nokia’s new head of mobile solutions, Anssi Vanjoki, has revealed that near field communication functionality will be a core capability of the new MeeGo operating system. In a blog post entitled ‘The fightback starts now’,… More

‘We didn’t mean all smartphones would get NFC’, says Nokia

June 22nd, 2010

The Finnish mobile phone giant has backtracked on its headline-grabbing announcement and now says that only some smartphones will have NFC next year and they may not be available in all markets. More

Broadcom to enter NFC market, buys Innovision for $47.5m

Broadcom to enter NFC market, buys Innovision for $47.5m

June 18th, 2010

Semiconductor giant Broadcom Corporation has announced it has agreed to acquire UK-based NFC specialist Innovision Research & Technology in a deal valued at US$47.5m. Innovision has developed a suite of designs, patents and expertise, known… More

All new Nokia smartphones to come with NFC from 2011

June 17th, 2010

The announcement was made by a top Nokia executive at the Mobey Forum’s 10th anniversary meeting in Helsinki this morning. More

No NFC in iPhone 4G

No NFC in iPhone 4G

June 7th, 2010

Apple’s fourth generation iPhone sports a slew of new features but will not have built-in NFC capability. The company’s chief executive, Steve Jobs, revealed the latest version of the best-selling mobile handset during a keynote… More

Innovision signs $6m IP licensing deal

Innovision signs $6m IP licensing deal

June 4th, 2010

NFC chipset technology specialist Innovision has signed a licensing agreement with a “major global semiconductor corporation”. The unnamed semiconductor manufacturer will use Innovision’s Gem NFC intellectual property to build NFC functionality into high volume chipsets for… More

IMS forecasts 785 million NFC chips to ship in 2015

IMS forecasts 785 million NFC chips to ship in 2015

June 2nd, 2010

NFC chip shipments will reach 785 million units in 2015, according to a new report from IMS Research, more than double the 300 million units recently predicted to ship that year by ABI Research. “The NFC market… More

300 million NFC chips to ship in 2015, says ABI

300 million NFC chips to ship in 2015, says ABI

June 2nd, 2010

Demand for NFC chips for use in mobile handsets, computer and consumer electronics and mobile handset peripherals will see the world NFC chip market reaching 300m units in 2015, according to a new report from… More

STMicro, NXP, Trusted Logic and Stollmann join forces to add NFC to Android devices

STMicro, NXP, Trusted Logic and Stollmann join forces to add NFC to Android devices

June 2nd, 2010

NFC chipset manufacturer STMicroelectronics and Stollmann, which launched a chipset independent NFC API for Android last month, have joined NXP and Trusted Logic, who launched a joint NFC API for Android in April, to promote a common hardware-independent API for… More

Oi Paggo to run NFC field trial in Brazil using Gemalto NFC add-on

Oi Paggo to run NFC field trial in Brazil using Gemalto NFC add-on

May 28th, 2010

Oi Paggo, the SMS-based mobile payments service owned by Brazilian mobile network operator Oi, is to run an NFC field trial using Gemalto’s Upteq N-Flex device later this year. The trial will focus on retail… More

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