More than 1bn mobile phone users will have used their devices for banking purposes by the end of this year, Juniper Research predicts... More
Forecast
Fingerprint sensor shipments to reach 1bn units by 2020
Shipments of fingerprint sensors for smartphones are expected to reach 1bn units by 2020, representing a 17% compound annual growth rate (CAGR), according to ABI Research... More
Indian mobile wallet market to reach US$6.6bn by 2020
India’s mobile wallet market will be worth US$6.6bn by 2020, research from TechSci Research reveals... More
India biometrics market to grow 35% by 2020
India’s biometrics market is projected to grow at a compound annual growth rate (CAGR) of over 35% from 2015 through 2020, according to TechSci Research... More
$14.9bn biometrics market by 2024
The worldwide biometrics technology market will grow from US$2bn in 2015 to $14.9bn by 2024, research firm Tractica predicts... More
620m biometric app downloads by 2020
More than 620m mobile banking apps that support biometrics for customer authentication and transaction verification will be downloaded by 2020, research from Goode Intelligence predicts... More
NFC chip market to rise 50.6%
The global NFC chip market will grow at a compound annual growth rate (CAGR) of 50.6% by volume over the period 2014-2019, analysts from market research firm Technavio predict in the company’s ‘Global NFC Chips Market 2015-2019’ report... More
Mobile payments market to reach US$1tn by 2017
About US$1tn will be spent using mobile payments services in 2017, up 124% from less than US$500bn expected in 2015, International Data Corporation says... More
25% of world’s population to use mobile banking in four years
More than 25% of the world’s population will use mobile banking in the next four years, research from KPMG using data from UBS Evidence Lab reveals, predicting the number of users will double to 1.8bn... More
Deloitte predicts surge in UK NFC payments
More than one third of UK consumers aged between 18 and 34 (34%) are interested in mobile payments alongside one fifth of 55- to 75-year-olds (20%), research from Deloitte has revealed... More
Fingerprint sensor market to grow at 17% CAGR
The fingerprint sensor market is expected to grow at a CAGR of 17% between 2015 and 2020, research from MarketsandMarkets has found, with its value projected to reach US$14.5bn by 2020 from $5.5bn in 2014... More
NFC smartphone sales up 55% year on year in 2015
Global NFC-enabled smartphone sales will grow more than 55% year over year in 2015, research from Strategy Analytics has found... More
2.2bn NFC-enabled handset shipments by 2020, IHS Technology predicts
Shipments of NFC-enabled handsets will increase to 756m in 2015, up from 444m last year, rising to 2.2bn by 2020, IHS Technology has forecast... More
US$2.7tn mobile wallet market by 2020
The global market for mobile wallets will reach US$2.7tn by 2020, “driven by the proliferation of smartphones, tablets, mobile internet, strong governmental support for cashless transactions and the convenience offered by mobile payments,” Global Industry Analysts says... More
Gemalto predicts fast uptake of Apple Pay in the UK
PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts... More
1bn biometric banking consumers by 2017
More than 1bn consumers globally will be accessing banking services through biometric systems by 2017 and biometrics will become the predominant method of identification for accessing bank services by 2020, Goode Intelligence predicts... More
Mobile payment market worth $2.8tn by 2020
The global mobile payment transaction market will be worth an estimated US$2,849bn by 2020, up from US$392bn in 2014, representing a compound annual growth rate (CAGR) of 39.2%, Future Market Insights has revealed. NFC is expected to exhibit the fastest CAGR (46%) of major mobile payment transaction technologies during the forecast period... More
UK cash payments fall to 48%
The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports... More
Four in ten UK consumers willing to switch banks for mobile payments
Some 44% of UK consumers are prepared to switch bank accounts to access mobile payments if their current bank is unable or has no plans to offer the service, while a third (33%) of these consumers plan to do so within the next year, a survey for mobile payments provider Zapp reveals... More
Icahn: Apple Pay to generate US$3.3bn in revenues in 2017
Apple Pay will generate revenues of US$263m this year and that figure will increase to $3.3bn by the end of 2017, billionaire investor Carl Icahn has forecast... More