Almost 23bn transport and events tickets will be purchased globally using mobile devices by 2020, Juniper Research predicts, more than double the volume expected this year... More
Forecast
Mobile payments will overtake cards and cash by 2025, says UK retailer
UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month. More
Hungarian festivals to see 7m cashless payments this year
The number of cashless transactions at Hungarian festivals will reach 7m this year, representing an increase of 27% compared to last year’s 5.5m, research from Festipay predicts... More
ShopKeep reports on mobile payment adoption
Nearly nine in ten US merchants using ShopKeep technology (87%) have seen little-to-no adoption of mobile payments at their business in the past six months, research released by the POS system provider reveals... More
Mobile wallet transactions to increase 61% by 2021
The number of mobile wallet transactions across Europe will increase at a compound annual growth rate (CAGR) of 61.8% from 2016 to 2021, Smart Insights predicts... More
38% of payments in Europe will be digital by 2020
More than a third (38%) of all payments made across Europe will be digital by 2020, MasterCard predicts... More
NFC payments to reach $95bn by 2018
The global value of NFC mobile and wearable payments is expected to reach US$95bn annually by 2018, up from less than $35bn last year, according to Juniper Research... More
A third of Americans unconvinced about mobile payment apps
More than one third of Americans (36%) don’t feel a need for mobile payment apps, compared to 12% of Mexicans and 13% of Chileans, according to mobile banking service Fintonic... More
Two billion smartphones to come with fingerprint sensors by 2021
The global biometrics market will reach more than US$30bn by 2021, representing a 118% increase from 2015, according to a new forecast from ABI Research... More
Digital payments to increase 20% in 2016
Consumers will spend more than US$3.6trn using online, mobile and contactless payments services this year, up 20% from US$3trn in 2015, according to Juniper Research... More
Mobile payments to replace cash and cards by 2030?
Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found... More
Study examines attitudes to contactless payments in the UK, Germany and Spain
More than 90% of British, German and Spanish business leaders interviewed for a survey of attitudes to contactless technology have already invested in contactless projects and expect that 10% of all transactions will be contactless within the next three years, a white paper now available to download from the NFC World+ Knowledge Centre reveals. More
More than 100m people will make an NFC mobile payment in 2016
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021. More
Frost & Sullivan predicts surge in mobile wallet adoption
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
US mobile payments at the POS to increase 54% this year
Mobile payments made at the point of sale in the US will increase 54% in 2016 compared to 2015, with continued growth expected through 2019, research from Packaged Facts predicts... More
148m consumers to make NFC mobile payments in 2016
Some 148m consumers will make NFC mobile payments this year, with Apple and Samsung accounting for nearly 70% of new customers, Juniper Research forecasts... More
White paper explores future of connected living
A 25-page white paper that explores how young adults expect mobile technology and connectivity to develop over the next ten years is now available to download from the NFC World Knowledge Centre... More
US EMV adoption slower than expected
Some 37% of US merchant locations are now EMV-ready, according to management consulting firm The Strawhecker Group (TSG)... More
Nearly 1bn to use NFC payments by 2019
A total of 1.09bn people will be making mobile proximity payments globally by 2019, of which 939.10m will be made through NFC, Ovum’s new m-payments forecast reveals. The total transaction value of mobile proximity payments will grow from US$4.77bn to $141.21bn over the same time period. More
Mobile payments face “substantial hurdles” in 2016, says Atlanta Fed
Limited merchant acceptance points, fragmentation and consumer concerns over security and privacy will remain “substantial hurdles” to mobile payments at the physical point of sale in 2016, according to analysts at the Federal Reserve Bank of Atlanta... More