Archive: The Market
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.
November 26th, 2012
The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated — and we’d like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale.
November 22nd, 2012
ABI Research has raised its estimate for NFC handsets shipped in 2012 from 80m to 102m units. The analyst firm also expects 285m NFC-enabled devices to be shipped in 2013, with the number in circulation…
November 19th, 2012
The sale suggests that Apple’s interest in acquiring Authentec lies with the company’s innovative combined fingerprint and NFC solution, which is not part of the division being acquired by Inside Secure, and will lead to renewed speculation that Apple will include NFC in future iPhones and other devices.
Mobile Wallet Outlook: Merchants and new financial services players flex their mobile payments muscles
November 14th, 2012
In the November edition of Mobile Wallet Outlook, the monthly trends bulletin for subscribers to The Mobile Wallet Report, the NFC World team examines the role US merchants plan to play in mobile payments and how the move to mobile is creating new opportunities for alternative players to define the bank account of the future.
November 13th, 2012
November 7th, 2012
Close to 100m NFC secure elements will be shipped this year and that number will double in 2013, according to analysis conducted by smart card trade body Eurosmart. 750m contactless cards will also be produced in 2013, up from 600m in 2012.
November 7th, 2012
Morpho has shipped 500,000 NFC/LTE SIM cards to KT, Korea’s second largest mobile network operator. KT expects that 20m Korean consumers will be equipped with an NFC phone by the end of this year.
November 2nd, 2012
October 30th, 2012
“The consumer benefits of contactless payments are obvious,” says Christian Wirtz, m-commerce director for Vodafone Group. “The potential of mobile to transform existing industries — such as financial services, retail and transport — is enormous.”
October 29th, 2012
Inside Secure generated revenues of US$28.6m during the third quarter of 2012, the chip maker reports, up 1% on sales during the second quarter of 2012 but 22% down on the third quarter of 2011….
October 19th, 2012
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.
October 19th, 2012
Pierre Combelles has been appointed as the GSMA‘s new business lead for NFC, replacing Nav Bains, who left to join Vivotech earlier this year. Combelles joins the GSMA from France Telecom-Orange group, where he was…
October 17th, 2012
The mobile network operators’ trade association has published a technical document that sets out how carriers around the world could implement core NFC mobile wallet functions in a standard manner — and is asking potential service providers, suppliers and other interested parties to provide feedback on the plans.