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
Research
Generation Z leads the way in US mobile payments adoption
US consumers aged between 18 and 24 are by far the most likely to make a payment while using their mobile phone, research from GfK shows, with more than half (53%) having made a mobile payment while using the internet in the past six months... 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
Contactless spending in the UK topped £7.75bn in 2015
UK spending on contactless cards rose more than threefold in 2015 to reach £7.75bn (US$10.8bn), research from The UK Cards Association reveals, meaning that total contactless spending last year was more than double that of the preceding seven years combined... 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
Trust in Apple as a mobile wallet brand increases in the UK
Trust in Apple as a mobile wallet provider has increased to 25% among UK consumers, nearing the 27% trust shown for MasterCard, market researcher Marketing Sciences reveals... 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
Apple Pay awareness, adoption and usage drops in the US
One fifth of iPhone 6 owners in the US (20%) have used Apple Pay at least once, research from First Annapolis Consulting reveals, down from 22% in spring last year. 15% say they use it regularly — more than once per month — down from 19% in the 2015 survey. More
Kiwis warm to mobile payments and biometrics
More than four in ten New Zealanders (41%) would consider using NFC mobile payments today and 44% believe mobile payments will be the next thing to take off, followed by biometrics/facial recognition/fingerprints (21%) and wearable technology (18%), research from MasterCard reveals... More
Apple Pay reaches mobile app inflection point
Apple Pay has seen an acceleration in mobile app acceptance across the US, according to Piper Jaffray analyst Gene Munster, who calls it an “inflection point” in a recent investor note reported by Quartz... More
Global mobile payment market to hit $620bn in 2016
Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019. More
Visa took majority of European contactless payments in 2014
Visa PayWave accounted for 61% of the 1.4bn contactless payments made in Europe in 2014, research from RBR reveals, with MasterCard PayPass accounting for the “vast majority” of the remainder... More
A third of online transactions now made on mobile
More than a third (34%) of browser-based online transactions globally are now made on a mobile device, compared to just over 30% last quarter, research from Adyen reveals... More
Study reveals global views on payment data security
A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre... More
Bell ID acquired by chip maker Rambus’ digital security division
PARTNER NEWS: Tokenization and mobile payments specialist Bell ID has been acquired by chip maker Rambus... More
A third of US consumers now use mobile wallets
Nearly a third of US consumers (32%) are currently using a mobile wallet such as Apple Pay or Android Pay, research from Vibes reveals... More
Apple Pay leads US mobile payments market
Apple Pay is “overwhelmingly the share leader” in point-of-sale mobile payments across the US despite uptake remaining relatively low, the latest statistics from Piper Jaffray’s Apple Pay adoption tracker show... More
UK contactless payments hit £1bn record in November 2015
Contactless payments in the UK hit a record £1.02bn (US$1.45bn) in a single month for the first time in November 2015, increasing from £287m in January that year, The UK Cards Association reveals. The number of contactless purchases in November totalled 128m while the average transaction value increased to £8.03, up from £7.72 in October... More
One in six Koreans use mobile to pay in-store and online
One in six South Korean consumers (15.8%) have used a mobile to pay for in-store or online purchases, research by The Bank of Korea shows... More
UK consumers warm to biometric identification
More than half of UK consumers (54%) are willing to authorise payments using biometric technology, research from Experian shows... More