Contactless payments from smartphones and wearables is still a small segment of the payments market, but might see a surge in usage over the next two years, according to Juniper Research. The research firm predicts the value of the smartphone and wearable contactless payments to rise from $35 billion to $95 billion in 2018. See Also: Touch ID is the Gift That Keeps on Giving Juniper claims that smartphones will account for the vast majority of non-card contactless payments, asserting that “while nearly nine million Apple Watches had been shipped by the end of 2015, these numbers were dwarfed by near field communication (NFC)-capable iPhones.” It should also be noted that other non-iPhone devices also possess NFC capabilities.
Comment on Juniper: Expect contactless payments to surge
David Curry, ReadWriteWeb
Tue, 04/12/2016 - 10:30am
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