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Showing posts with label Mobile wallet. Show all posts
Showing posts with label Mobile wallet. Show all posts

June 17, 2012

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.

July 8, 2011

The Reality of Mobile Wallet : Infographic

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With the launh of NFC  and Google Wallet, The reality of a mobile payments are redefining commerce,

According PayPal , " Mobile Commerce will go mainstream by 2015  and the The payments giant boldly predicts that the wallet will be dead by 2015. It’s putting its money where its mouth is: it recently acquired mobile payments provider Zong for $240 million.

PayPal isn’t the only one getting into the game though. Google recently launched Google Wallet, the search giant’s mobile payment system, and Visa recently made a strategic investment in Square, the mobile payments platform now worth more than $1.4 billion.
Professional community service G+ decided to look deeper into mobile payment trends and created an infographic that tracks what experts and analysts believe will happen to mobile commerce in the next four years, including what will happen with near field communication (NFC). G+ also compared some of the current players in the mobile payment space.

Will Smartphones Replace Your Wallet? Take a look at this infographic created by creditsesame.com for an overview of the latest mobile payment technology, and experts’ predictions for its growth in the near future.