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  • October 23, 2012 (11:02 pm)
  • NFC mobile payments jump: $4 billion to $100 billion in 2016 

    NFC mobile payments will climb from this year’s estimated $4 billion to $100 billion in 2016, with that figure expected to jump to $191 billion by 2017.

    ABI Research’s report entitled “Mobile Payments, NFC, and Contactless Convergence,” posits that the surge in NFC mobile payments will likely stem from the merging of payment types— proximity, P2P and online— onto a single NFC handset. This integration of technology could also act as the catalyst for convergence across a number of other markets like ticketing, retail, loyalty and access control.

    http://www.nfcnews.com/2012/10/23/nfc-mobile-transactions-to-reach-100-billion-by-2016

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