The Australian Competition and Consumer Commission (ACCC) has decided not to grant a group of Australian banks interim authorization to “collectively negotiate” with third party mobile wallet providers. More
The Market
ANZ accused over Apple Pay support
Australian bank ANZ is being accused of “pulling a fast one” after walking away from a collaborative effort with its big four rivals to seek stronger negotiating powers over third party mobile wallets and announcing its support for Apple Pay... More
Australian banks seek stronger negotiating powers with third party mobile wallet providers
A group of Australian banks have submitted an application to the Australian Competition and Consumer Commission (ACCC), urging for the right to ensure they are able to “collectively negotiate” with third party mobile wallet providers. More
Mobile payments to grow 42% in 2016
Mobile payment transaction volume will grow by 42% to reach 26.9m in 2016, up from 18.9m in 2015, research from Future Market Insights predicts... More
China sees rapid growth in proximity mobile payments
The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research released by eMarketer... More
European Commission approves Visa’s acquisition of Visa Europe
The European Commission has approved the proposed acquisition of Visa Europe by Visa... More
Apple Pay’s global impact remains “small”
Apple Pay has “made only a small dent in the global payments market” due to technical challenges, low consumer take-up and resistance from banks, according to a report by Reuters... More
Mobile ticketing market to see major growth
The global mobile ticketing market is expected to grow at a compound annual growth rate (CAGR) of around 16% between 2016 and 2020, according to Technavio... More
Mobile biometrics market to see major growth
The global mobile biometrics market will grow at a compound annual growth rate (CAGR) of more than 103% between 2016 and 2020, research from Technavio predicts... More
Tokenization case study — See the webinar now on NFC World
NFC World’s ‘Case study — Lessons learned from selecting and implementing a tokenization solution able to serve 200 banks’ webinar is now available to view online... More
Australian digital payments to reach nearly A$1.9bn by 2020
Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts... More
NFC SIM shipment remains static in 2015 due to Softcard closure
The global number of NFC SIM card shipments remained static during 2015 following the closure of the Softcard mobile wallet in the US last year, the SIMalliance has revealed, despite reporting significant NFC SIM growth across Asia and Europe. More
Canada sees rise in contactless spending
The number of contactless transactions made in Canada increased 14.71% in the first quarter of 2016 compared to Q1 2015, with the total amount spent rising by 108.84%, research by Moneris reveals... More
Two billion smartphones to come with fingerprint sensors by 2021
The global biometrics market will reach more than US$30bn by 2021, representing a 118% increase from 2015, according to a new forecast from ABI Research... More
Nearly half of top marketers plan to invest in NFC in 2016
Close to half (46%) of the top marketers surveyed for a new location-based marketing report say they plan to invest in NFC this year. 41% plan to invest in Bluetooth beacons, 63% in WiFi and 57% in GPS. More
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
Gemalto recognised for mobile ticketing solutions
PARTNER NEWS: Three market research companies have named digital security giant Gemalto as the world’s number one supplier of contactless and mobile solutions for public transportation... More
White paper gives insight into mobile ticketing deployments in ten markets
A white paper aimed at giving transport operators, transport authorities and ticket distributors greater insight into deploying mobile ticketing technologies and services while both containing costs and improving the passenger experience is now available to download from the NFC World Knowledge Centre. More
Half of consumers expect to be making mobile and wearable payments by 2018
Half of consumers in mature markets including North America, Japan and parts of Western Europe expect to be using smartphones or wearables to make payments by 2018, research from Gartner shows... 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