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.”... More
Forecast
Global biometrics market to hit $14.9bn by 2024
The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts... More
US in-store mobile payments to hit $54bn by 2019
Mobile proximity payments — those made by consumers at the physical point of sale using a mobile device — in the US will total US$54bn by 2019, Javelin Strategy and Research has projected... More
Chip and PIN faces slow take-up in US, says Forrester
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives... More
Half of digital tickets will be bought on mobile by 2019
More than one in two digital tickets will be bought using a mobile handset by 2019, Juniper Research has forecast... More
Berg Insight reports on NFC POS terminal growth
An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate of 28.4% from 21.4m in 2014 to 74.9m in 2019... More
Six in ten US terminals to support EMV chip cards by year end
About 59% of US point-of-sale (POS) terminals will be EMV-enabled by the end of this year, research by Aite Group has revealed, with NFC distribution projected to “ramp at the same rate as EMV distribution,” senior analyst Thad Peterson tells NFC World... More
Deloitte: Mobile payment volumes to increase 1000% in 2015
In-store mobile payments will increase by more than 1,000% worldwide this year with 5% of the world’s smartphones being used to make a payment in a store at least once a month, up from under 0.5% in mid-2014, according to the new edition of Deloitte’s annual Technology, Media & Telecommunications (TMT) Predictions report... More
Juniper forecasts NFC and HCE growth
Mobile phone and tablet users will be making 195bn mobile transactions a year by 2019, up from 72bn this year, Juniper Research forecasts... More
US mobile payments to reach $142bn in 2019
US mobile payments volumes will grow from $52bn in 2014 to $142bn by 2019, according to a new forecast from Forrester... More
Eurosmart forecasts 600m NFC SEs in 2015
A total of 8bn secure elements will be shipped this year, with SIM cards accounting for 5.1bn of the total, according to new statistics released by smart security industry association Eurosmart, with the total rising to 12bn in 2020... More
604m will have biometric wearables by 2019
There will be 604m users of wearable biometric technology globally by 2019, a new report from Goode Intelligence forecasts... More
Apple Pay and HCE to push NFC payments to more than 500m users
There will be some 516m users of NFC mobile payment services by the end of 2019, up from 101m this year, thanks to the launch of Apple Pay and HCE, a forecast from Juniper Research has found... More
US to get 575m chip cards next year
More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”... More
GSMA publishes mobile money paper
The GSMA has published a discussion paper on how increased smartphone adoption in the developing world will impact the global mobile money industry... More
IDATE forecasts NFC phones and payments volumes
Twenty-eight million consumers will use their NFC phone to make a mobile payment in 2014, a new forecast by IDATE reveals, and the value of transactions conducted via NFC will rise from an estimated €4.6 billion in 2014 to €53.8bn in 2018... More
1.75bn to use mobile banking
More than 1.75 billion mobile phone users will have used their device for banking purposes by the end of 2019, up from 800 million people this year, according to a new Juniper Research forecast... More
60m BLE beacons to ship by 2019
Sixty million Bluetooth Low Energy (BLE) beacons worth US$500m will be shipped in 2019, ABI Research forecasts... More
5.5bn people to use biometric security by 2019
There will be 5.5 billion users of mobile and wearable biometric technology around the world by 2019, according to a new report from Goode Intelligence... More
iWatch to sell at US$300?
Apple will sell 21million units of its much anticipated iWatch in fiscal year 2015, at a cost of US$300 per unit, according to a research note by UBS analyst Steven Milunovich, AppleInsider reports... More