Some 148m consumers will make NFC mobile payments this year, with Apple and Samsung accounting for nearly 70% of new customers, Juniper Research forecasts. “The research also anticipated that models based on host card emulation (HCE) would be widely deployed by banks and a number of leading OTT (Over The Top) players,” the firm says, predicting that NFC smartphones will be the main driver for contactless payments in the US owing to “the limited number of cards that currently offer the facility”.
- Amazon begins delivering parcels to consumers’ cars
- Copenhagen Business School lets students make payments with just their finger — no card or smartphone required
- Contactless payments are now used for half of all public transport journeys in London
- Samsung Pay to go live in South Africa in June
- Walmart files blockchain payments data storage patents