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News

Proximity mobile payment transactions to reach 9.9 billion in 2016-report

Thursday 8 March 2012 00:52 CET | News

While infrastructure is weak both on the retailer side and on the consumer device side, proximity (NFC-based) mobile payment transactions are set to reach 9.9 billion in 2016, up from 1.1 billion in 2012, a recent report predicts.

According to the report, the Asia-Pacific region is set to dominate proximity mobile payments throughout the forecast period representing 41 percent of the transactions in 2016.

Additionally, the report has found that, while over half of respondents are familiar with mobile payments, up from just one-third in 2011, remote mobile payments are set to account for nearly USD 226 billion in mobile payments in 2012.

The report titled Worldwide Mobile Payment Market Marches Ahead was issued by research company NPD In-Stat as part of its Mobile Applications & Services service.


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Keywords: Proximity mobile payment transactions, report, NPD In-Stat
Categories: Payments & Commerce
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Countries: World
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