New research from KPMG predicts that the value of global m-payment transactions will grow by 97% per year over the next 3 years, reaching £591 billion by 2015.
The company says this growth will be fuelled by consumer demand for NFC-equipped devices and by the growing desire of consumers to shop in environments that are ‘always on, always fast and always accessible’.
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In this week's podcast we're talking about mobile payments, NFC security threats, app developers, free WiFi, Ofcom complaints and much more.
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New research from Berg Insight says global sales of NFC-equipped handsets increased ten-fold in 2011 to 30 million units.
An increasing demand for Near Field Communication technology is expected to see this figure increase at a compound annual growth rate of 87.8% to reach 700 million units in 2016.
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Mark Bridge writes:
It’s been a week of ups and downs for the mobile industry.
It started with good news as Apple – fresh from hitting 3 million new iPad sales – announced its plans to spend some of the $100 billion sitting in its decidedly non-mobile wallet. There’ll be a quarterly dividend and a share buy-back scheme.
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NFC-equipped smartphones can be used to copy data from contactless credit cards, according to a report by Channel 4 News.
It showed security company ViaForensics successfully copying a cardholder’s name and card number from a Barclays Visa card. Attempts to access card information from other providers wasn’t successful.
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