One in five Brits to make mobile payments in stores this year

UK: Mobile payments still looking to grab a foothold — eMarketer — “Just over 22% of UK smartphone users will use a phone to pay for goods and services at the point of sale (POS) in 2018… China has the largest mobile proximity payments market in the world, with 77.5% of smartphone users doing so this year. Within Europe, the UK’s smartphone penetration rate will rank behind Norway (23.3%), Sweden (33.8%) and Denmark (38.9%) in 2018.”



Consumers to make 500bn card payments in 2022

Global card payments set to rise by more than half to 500bn by 2022 — RBR — “We have observed impressive growth in card usage across the globe. In developing markets, rising levels of card acceptance and consumers’ growing familiarity with using cards rather than cash as a payment tool, have contributed to high growth. Meanwhile, consumer usage of contactless technology for ever smaller amounts is bolstering growth in more mature markets.”



Acuity forecasts a trillion biometric transactions in the cloud by 2022

Biometrics in the cloud to authenticate more than one trillion transactions annually by 2022 — Acuity Market Intelligence — “By 2022 more than 5.5bn biometrically-enabled mobile devices will create a global platform that supports one trillion cloud-based biometric transactions annually… Acuity projects annual biometric transaction revenue will increase from US$474m in 2017 to $18bn in 2022 exceeding a 100% CAGR.”


Juniper forecasts 375m NFC ticketing users by 2022

NFC mobile ticketing users to reach 375 million users by 2022, despite a slow start — Juniper Research — “The number of mobile users adopting NFC ticketing will exceed 375 million by 2022, up from an estimated 122 million in 2017. While there is rapid growth in NFC ticketing in European markets, Juniper has scaled back NFC ticketing adoption in many other markets, such as the US, India, and Africa, due to the lack of available services and infrastructure.”



Chatbots to issue over 1bn coupons a year by 2022

Digital coupon redemptions to surpass $90bn by 2022 — Juniper Research — “Juniper has quantified the volume of chatbot coupons as 25m this year, with this set to reach 1.1bn by 2022. The technology will enable greater personalisation of offers; particularly through use via social media, and at a fraction of the cost of using human operatives, and will aid in driving commerce transactions both online and in-store… Mobile will account for nearly 80% of all coupon redemptions by 2022.”


ABI: 160m cards with embedded fingerprint sensors to be shipped by 2022

Biometric payment cards to boost banking industry security — ABI Research — “Fingerprint embedded payment cards will enjoy an impressive growth over the next years reaching 160 million shipments by 2022 with a five-year CAGR standing at approximately 400%. While the Middle East, Africa and North America will be among the first regions geographically in which higher shipments are expected during 2018, forecasts indicate that Europe and Asia Pacific will have a larger penetration rate over the coming years.”


eMarketer raises mobile payments forecast for China

eMarketer projects surge in mobile payments in China — eMarketer — “eMarketer has raised its projections by more than 86% for 2017, and now expects 461.4 million people in the country to use a phone to pay at the POS… By 2021, 79.3% of smartphone users will be tapping, scanning and swiping at the POS. By comparison, the US will have 31% of users doing so, and that figure will be 23% in Germany.”


China and India to drive growth in digital transactions

Digital payments volumes continue to rise globally as new payments ecosystem emerges — Capgemini — “Global digital payments volumes are predicted to increase by an average 10.9% through to 2020, reaching nearly 726bn transactions, according to the World Payments Report 2017… Volumes generated by emerging economies will grow by 19.6%, or three-times the rate of mature economies. Emerging Asia, led by China and India, is projected to grow 30.9%.”


eMarketer releases latest estimates for US proximity mobile payments

eMarketer releases latest estimates for US proximity mobile payments — eMarketer — “eMarketer estimates the value of US proximity mobile payment transactions will total US$49.29 billion in 2017, up 78.1% from last year… The average annual spend per proximity mobile payment user in the US will reach US$1,026 in 2017, surpassing US$1,000 for the first time. That figure will continue to grow through 2021, when it will reach US$2,646.”


Contactless to account for more than one in two POS transactions globally by 2022

Contactless to account for more than one in two POS transactions globally by 2022 — Juniper Research — “A new study from Juniper Research has found more than half (53%) of global transactions at POS (point of sale) will be contactless within five years, compared to just 15% this year… Adoption in the US would rise sharply over the period, with contactless rising from less than 2% of transactions this year to 34% by 2022.”


RFID market to reach US$11.2bn in 2017

RFID market to reach US$11.2bn in 2017 — IDTechEx — “In total, IDTechEx expects that 18.2bn tags will be sold in 2017 versus 15.2bn in 2016. Most of that growth is from passive UHF (Rain) RFID labels. However, in 2017 UHF RFID tag sales by value will be 25% of the value of HF tag sales, mainly because HF tags where used for security (such as payments, access etc) have a higher price point versus the cheaper, usually disposable labels used for tagging things.”


Moneris study reveals 36% contactless payment increase in Canada

Moneris study reveals 36% contactless payment increase in Canada — MobileSyrup – “Moneris unveiled a 36.29% year-over-year gain, possibly due to Android Pay recently launching in Canada, and with little more than a year since Apple Pay’s full Canadian release… Within the next five and a half months Moneris predicts that 50% of all Canadian transactions will be contactless.”






Worldwide spending on the Internet of Things forecast to reach nearly $1.4 trillion in 2021

Worldwide spending on the Internet of Things forecast to reach nearly $1.4 trillion in 2021 — IDC — “A new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide forecasts worldwide spending on the Internet of Things (IoT) to grow 16.7% year over year in 2017, reaching just over $800 billion. By 2021, global IoT spending is expected to total nearly $1.4 trillion.”


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