NFC payments in US to Touch 43 million from 3.9 million

The US will have the world's highest density of NFC point-of-sale terminals in five years time, the forecasters say, as the global installed base increases from 3.9m today to 43.4m in 2017.

The market for NFC-ready POS ( Point of Sale) terminals "grew fiercely" in 2011 with annual shipments doubling to an estimated 2.5 million units worldwide, according to a new research report from Berg Insight.

A total of 3.9m NFC-ready POS terminals were installed globally by the end of 2011, Berg says, and the number is due to grow at a compound annual growth rate (CAGR) of 49.4% to reach 43.4m units in 2017.

"This corresponds to an increase in the penetration rate from 8% in 2011 to 53% in 2017," Berg explains. "The penetration rate is projected to be highest in North America where an estimated 86% of the terminals will be NFC-ready by 2017. The penetration rate in Europe and the rest of the world will be 78% and 38% respectively."

"The rapid growth was driven by a transition in the NFC-payments ecosystem from performing trials to accelerating the rollout of NFC-ready payment infrastructure, in preparation for the arrival of NFC-based mobile payment services," say the forecasters.

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Mobile Payments Technology : Qr Codes vs NFC

Whenever near-field communication technology hits the headlines, it is always being compared to QR codes. This was the case when Google replaced QR codes with NFC patches for its Google Places, and also when Google announced that it was going to use NFC for its Wallet service. Recently, Nokia announced that they were more bent on using NFC for their NFC hub, and QR codes were mentioned in numerous reports as being on the way out.

When it comes to features, it seems that NFC can win the battle. Both NFC and QR codes can easily bridge the online and offline world and could take users to different websites, videos and other content. Both are very flexible and could be used for a lot of applications. But unlike QR codes, NFC has fewer chances to fail. You can still use NFC even if you have shaky hands just as long as you hold you device up at less than 2 centimeters from the receiver. You just wave or tap, and you get an effortless way to connect. QR codes could fail if you do not have the right reader, or you do not get a steady shot.


data: Via

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NFC Enabled Mobile Handsets :Top 10 List

Source: Uploaded by user via Sumit on Pinterest

According to a recent study from the Auriemma Consulting Group, 30% of US mobile users would be willing to upgrade their Cell Phone for the sole purpose of gaining NFC payment technology.

And 23% said they’d be willing to switch carrier for the extra functionality. That’s a significant number considering the cost and hassle of switching phone or carrier. (via tgdaily.com)

NFC world has recently released a list of the  25 Mobile Handsets which are available across stores

1)Acer E320 Liquid Express

The Acer E320 Liquid Express is an entry-level Android smartphone and is the Taiwanese manufacturer's first NFC handset.

2)BlackBerry Bold 9790

The BlackBerry Bold 9790, codenamed 'Bellagio', was announced in November 2011 and is now shipping.

3)BlackBerry Bold 9900/9930

The BlackBerry Bold 9900 and 9930, the first handsets from Research in Motion to include NFC, were announced in early May 2011 and are now shipping. 

4)BlackBerry Curve 9350/9360/9370

The BlackBerry Curve 9350, BlackBerry Curve 9360 andBlackBerry Curve 9370 were announced in August 2011 and are now shipping. 

5)BlackBerry Curve 9380

The BlackBerry Curve 9380, also known as 'Orlando', was announced in November 2011 and is now retailing across stores 

G    6)Google Galaxy Nexus

The Samsung Galaxy Nexus is the latest Google reference handset and is now shipping in the UK and the US. The phone runs Android 4.0 Ice Cream Sandwich. 

2    7)  Google Nexus S

The Google Nexus S, a full-featured smartphone running Android 2.3 'Gingerbread' and manufactured by Samsung, has NFC support built in. 

      8)HTC Incredible

A version of the HTC Incredible designed to run China UnionPay's NFC payments service via a microSD-based NFC add-on was announced in August 2011. 

      9)HTC One X

The HTC One X is the new flagship handset for the Taiwanese phone giant, featuring a 4.7-inch 1280 by 720 display, quad-core Tegra 3 processor, Android 4.0 and NFC. The One X — previously known by the codename HTC Edge — will be available from April 2012.

5.  10)LG Optimus LTE

The LG Optimus LTE, also known by the model number LG LU6200, is a high-end Android smartphone which boasts a 4.5-inch HD screen, LTE and NFC.   

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Mobile Payments To replace Cash by 2016.

Mobile Commerce Payments Research & Statistics (2010 - 2011)

Mobile payments (m-payments) are when consumers make a purchase using a mobile phone instead of using cash, credit card or debit. Types of mobile payments include direct billing, SMS transactions and mobile Web payments. These mobile commerce research and statistics will help you understand what’s happening in the mobile payment industry.

• Worldwide mobile payment volume is forecast to total $86.1 billion, up 75.9 percent from a 2010 volume of $48.9 billion. (Source: Gartner Inc.; Market Trends: Mobile Payments Worldwide, 2011)
  
  
• Recent data from the U.K. arm of Forrester Research, in partnership with PayPal, estimates that mobile payments will replace other forms of payment by 2016.
  
• PayPal raised its 2011 Mobile Total Payments Volume (TPV) projections to $3 billion. (Source: PayPal Blog; PayPal Doubles Mobile Payments Predictions to $3 billion in 2011 by Laura Chambers)
  
  
• Overall, mobile payment services are expected to reach $245b in value worldwide by 2014. At the same time, mobile money users are expected to total $340m, equivalent to 5 percent of global mobile subscribers. (Source: Ernst & Young; Opportunities for telcos in mobile money: 2011)
  
  
• E-payments and m-payments collectively accounted for an estimated 22.5 billion transactions in 2010. E-payments (online payments for e-commerce activities) are expected to grow globally to 30.3 billion transactions from 17.9 (in 2010-13), while m-payments are expected to grow globally to 15.3 billion transactions from 4.6 billion in the same period.  (Source: Capgemini; World Payments Report 2011)
  
  
  
• It is anticipated that this will begin to change in 2011 as the number of mobile payment users starts a significant run up from 116 million to over 375 million in 2015. (Source: In-Stat; Mobile Payments: Is the Market Ready?)
  
  
• The potential for mobile payments is huge. Estimates for the volume of those transactions vary widely but share a consensus that mobile payments will see sizable growth this year and accelerate rapidly in 2012. (Source: eMarketer; Mobile Payments -- Moving Closer to a World Without Wallets)

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