US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”
- Apple Pay about to go live in Brazil?
- Brazil to introduce multifunction driver’s licenses that can be read with an NFC phone
- Avis pilots mobile car rental keys
- Trimet to roll out world’s first integration of transit ticketing card with Android Pay
- Kroger grocery stores to accept Chase Pay mobile payments