Mobile payments expected to hit $100 billion in 20

The total value spend of Near Field Communication (NFC) mobile payments will rise from $4 billion in 2012 to $191 billion in 2017, breaking the $100 billion mark in 2016. Despite Apple rejecting NFC for its latest smartphone, the iPhone 5, or its mobile operating system, iOS 6, ABI Research has forecast a huge rise in such payments. See iPhone 5 review and iOS 6 review Mobile payments and more importantly the convergence between payment types—proximity, P2P, and online—stored on a single NFC handset will be the initial trigger, driving market convergence across a host of other markets, including ticketing, retail, loyalty, and access control. (See also What going cashless means for your privacy). Market convergence is not quite ready for mass commercial roll out, but the potential value add that NFC brings has been identified. To read this article in full or to leave a comment, please click here
http://www.pcadvisor.co.uk/news/tech-industry/3405828/nfc-mobile-payment-spend-hit-100-billion-in-2016/



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