A new report from Berg Insight shows that global sales of handsets equipped with Near Field Communication (NFC) technology grew by 300% last year to 140 million units.
Annual device shipments are expected to reach 1 billion by 2017; a compound annual growth rate of 48.2%.
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A new report from Juniper Research has forecast that over 950 million mobile phone users will be using their handsets for mobile ticketing by 2018.
That’s more than double this year’s anticipated total of 458 million people worldwide, with most of the growth coming from transport-related services.
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Visa Europe says the adoption of NFC contactless payments has reached a ‘critical point’ across Europe.
More than 19 million transactions took place in March 2013, driving the total spend on contactless cards and smartphones equipped with a Visa payWave app to over €1 billion (£856 million).
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MasterCard has launched a new digital payment service called MasterPass.
It combines a secure ‘digital wallet’ for online shopping with the ability to use a mobile device for payments in high-street shops.
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Visa and Samsung have announced a partnership that combines Visa’s expertise in payments with Samsung’s mobile technology.
It’ll enable financial institutions to download payment account information to NFC-enabled Samsung devices via the Visa Mobile Provisioning Service.
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