More than 3bn loyalty cards will operate as mobile-only or will be integrated into mobile apps by 2020, up from 1.4bn last year, Juniper Research predicts... More
Forecast
Global mobile payment market to hit $620bn in 2016
Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019. More
Visa took majority of European contactless payments in 2014
Visa PayWave accounted for 61% of the 1.4bn contactless payments made in Europe in 2014, research from RBR reveals, with MasterCard PayPass accounting for the “vast majority” of the remainder... More
Study reveals global views on payment data security
A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre... More
US EMV shipments to hit 617m units in 2016
EMV shipments in the US will reach approximately 617m units in 2016, ABI Research predicts... More
Samsung Pay to become market leader in Asia?
Samsung Pay will become the mobile payments market leader in Asia, with a 49% share of the market in 2016, a Korean investment firm predicts... More
Contactless payments across Europe set to rise nine-fold by 2020
The volume of contactless payments in Europe is forecast to rise almost nine-fold to 12.2bn in 2020 compared to 2014 and account for 13% of all card payments, according to research released by RBR. The number of contactless cards issued is also expected to treble from 2014 to just short of 700m by 2020 — representing more than 40% of the total regional card base. More
16bn biometric mobile payments will be made by 2020
More than 16bn mobile biometric payment transactions will be made and more than 1.1bn financial services customers will be using mobile biometrics by 2020, research from Goode Intelligence predicts... More
BLE beacons will deliver 1.6bn coupons by 2020
Nearly 1.6bn coupons will be delivered annually to consumers via Bluetooth Low Energy (BLE) beacons by 2020, up from 11m this year, Juniper Research predicts... More
Beacons to drive $7.5bn in holiday season spending
Bluetooth low energy (BLE) beacons and proximity marketing solutions will drive US$7.5bn in spending by millennials in the US this holiday season, research from beacon network inMarket predicts... More
Retail giant Otto to shutter Yapital mobile payments business
German retail giant Otto Group is to close down its Yapital mobile payments service due to the “highly competitive but slow-developing digital payment business”... More
Smartwatches to play key role in mobile banking
Smartwatches will be used to access banking apps 10m times in 2017, rising to more than 100m times by 2020, Juniper Research predicts... More
NFC secure element shipments grow 40% in 2015
A total of 490m NFC secure elements will be shipped in 2015, up 40% on the 350m shipped in 2014, smart security industry association Eurosmart reports. A total of 590m units is expected to ship in 2016, up 20% on 2015. More
Mobile biometrics revenue to reach $9bn by 2018
The inclusion of biometrics in mobile devices will generate US$9bn in revenue by 2018, a report by Biometrics Research Group predicts... More
BBVA reports more than 1m downloads of HCE mobile wallet app
More than one million consumers have downloaded BBVA’s host card emulation (HCE) mobile wallet since it launched in June 2014... More
Biometrics for financial services to be worth US$657m by 2019
The market value of biometric identification for financial services applications will increase from US$123m in 2015 to US$657m in 2019, research from TrendForce predicts... More
Americans to spend $27bn via mobile payments in stores in 2016
The total value of mobile payment transactions in the US will grow 210% in 2016 and nearly one in five smartphone users will make a mobile payment in a store next year, eMarketer’s latest proximity mobile payments forecast predicts. More
Khosla predicts NFC will replace EMV cards in three to five years
EMV will become irrelevant in three to five years’ time and NFC will take over, Khosla Ventures founder Vinod Khosla has told attendees during a keynote at Money20/20... More
Mobile to account for 20% of US POS payments by 2020
US consumers will use their smartphones to make mobile payments at the point of sale five times a week by 2018 and, by 2020, 20% of POS transaction volume will be conducted via mobile devices, research from Carlisle & Gallagher Consulting Group reveals... More
32% of US retailers to accept contactless by 2019
Nearly a third (32%) of retail establishments in the US will accept contactless EMV card payments by 2019, Javelin forecasts... More