What's New in Payments

US mobile payments to hit $487bn

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











NFC World

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




NFC World

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




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




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