Archive: The Market
March 6th, 2013
A new startup incubator dedicated to NFC-based projects has announced it will be offering funding of US$5,000 per founder as well as mentoring, legal advice and work space support to individuals and teams with the…
March 5th, 2013
Ten other organisations have also joined the NFC standards association for the first time, bringing total membership “to a record high of over 180 companies and non-profit groups.”
February 27th, 2013
Russia’s “Big Three” mobile network operators — MTS, Vimpelcom and MegaFon — are in discussions to create a joint venture company for the rollout of NFC services, Alexander Popovskiof, vice president of operations at MTS, has told Vedomosti.
February 26th, 2013
Korean mobile network operators KT and SK Telecom have been named as the winners of the 2013 GSMA Chairman’s Award, the association’s most prestigious honour, in recognition of “their pioneering efforts and leadership in driving the adoption…
February 26th, 2013
A social media study conducted by MasterCard and Prime Research has identified a high volume of conversation and consumer interest in adopting mobile payments — as well as highlighting a number of barriers to entry….
February 25th, 2013
The handset maker and payments network have announced a plan to pre-load Visa’s payWave applet on embedded secure elements in “selected” next generation Samsung devices — potentially enabling banks to offer NFC payments without any involvement from the mobile network operators.
February 25th, 2013
Mobile network operators in the three countries have agreed technical specifications that will enable consumers to make use of NFC payments and other services in both their home country and abroad.
February 11th, 2013
The January/February issue of the monthly trends bulletin from the NFC World team’s business intelligence service examines the impact on the mobile wallet market of the new Facebook Card, the arrival of NFC in the home and the latest mobile wallet business developments from around the world.
January 25th, 2013
“By helping us focus our efforts and expertise on the specific needs of key market sectors, the SIGs will enable the NFC Forum to facilitate and accelerate the delivery of exciting new NFC solutions to consumers,” says Forum chairman Koichi Tagawa.
January 23rd, 2013
Taiwan’s Fair Trade Commission has given the go-ahead for transportation card issuer EasyCard and the country’s five carriers to form a joint venture company to deliver NFC payments and ticketing services — provided the partners comply with a number of conditions designed to ensure a competitive environment is maintained.
January 16th, 2013
“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.
January 9th, 2013
“These new agreements with Global Certification Forum (GCF), the International Air Transport Association (IATA), and the Wi-Fi Alliance will expedite the availability and use of more globally interoperable NFC-enabled solutions,” says Koichi Tagawa, chairman of the NFC Forum.
December 19th, 2012
NFC payments will account for 42.3% of all mobile payments made in Europe in 2015, according to new figures released by Frost & Sullivan. That percentage will increase to 49.6% in 2018, when 38% of mobile…
The Mobile Wallet Report: PayPal takes its digital wallet overseas, biometrics gain ground and marketers flock to Apple Passbook
December 18th, 2012
In the December edition of Mobile Wallet Outlook, the NFC World team examines the resurgence of interest in using fingerprint verification at the point of sale, the innovative new services being built on top of Apple’s Passbook mobile wallet and the latest consumer adoption surveys. Our first “spot report” takes an in-depth look at PayPal’s digital wallet and in-store payments strategy and asks whether the online payments giant can succeed in crossing the online-offline divide.
December 13th, 2012
UK-based NFC specialist Proxama is expanding overseas with the opening of an office in the US. “We expect 2013 to be a big year for NFC across the globe so having a presence in New York will position us perfectly for developing and servicing the new relationships we are establishing,” says managing director Miles Quitmann.
December 12th, 2012
“Our goal is to create the m-payment standard within the retail sector, independent of any telephone operators and banks,” says the head of Flash’n Pay, a new mobile wallet brand that has been created by one of the country’s largest grocery retailers and is set to go head to head with the French carriers’ NFC-based Cityzi service.
December 11th, 2012
Apple is likely to launch an “iPhone 5S” in June or July 2013, Peter Misek of investment bank Jefferies has predicted in a new research note. “Based on our checks, likely updates include a new super HD camera/screen, a better battery, and NFC. Possible updates include an IGZO screen for Retina+, 128GB storage, and coming in six to eight colors.”
December 5th, 2012
Global NFC retail transaction values will now reach US$110bn in 2017, significantly below the $180bn previously forecast, the analysts say, due to the lack of NFC in the iPhone 5, lower than expected adoption of Google Wallet and the delay in the launch of Isis.
November 27th, 2012
55% of Dutch consumers would prefer to make mobile payments through an app rather than NFC, according to a poll of 15-65 year olds conducted by Telecompaper. Respondents said convenience and trust are paramount when choosing who handles their payments. Most prefer payments to be handled by their bank, with phone manufacturers and mobile networks trailing far behind. Only 1% would opt for a system where they would pay via different apps in different stores.
November 27th, 2012
New companies joining the NFC standards body include Acer, Bell Mobility, China UnionPay and Lenovo. Qualcomm has upgraded to sponsor level and Kovio to principal level membership.