Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile?

GlobalData’s 'Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile?' analyzes the evolution of contactless payment and its impact on participants in the payment sector.

The report further explores the status of contactless payments globally, and provides detailed insights on the contactless payment market by region, including Europe, North and South America, Asia-Pacific, the Middle East and Africa.

The report also provides detailed insights on key indicators such as global contactless transaction value, contactless card shipment, NFC payments and the number of contactless POS terminals.

Scope

This report:

• Provides a comprehensive analysis of the contactless payment market worldwide.

• Provides the current value and forecast analysis of the contactless payment market.

• Covers regional analysis with respect to contactless cards and NFC mobile payments.

• Assesses the impact of contactless on participants in the payment sector.

• Analyzes regional differences in the adoption of contactless.

Key Highlights

• Timetric estimates that US$358 billion in contactless transactions will be made in 2016, through both cards and mobile devices, at 23 million contactless-enabled POS terminals globally.

• While most contactless payments globally are still card-based, near-field communication (NFC) mobile payments are likely to grow faster than contactless card payments.

• Australia, Europe and Canada account for the majority of contactless card payments globally, while the US leads in mobile NFC payments.

• Mass transit systems are one of the largest markets for contactless transactions, and as a result, have played a key role in the promotion and adoption of contactless.

Reasons to buy

• Gain understanding of the future of consumer payments, including contactless cards and NFC mobile.

• Gain insights into the evolution of contactless payment.

• Understand the impact of contactless on payment participants, including PSPs, merchants, schemes and consumers.

• Understand why some regions are falling behind whereas others are developed.

• Understand the impact of the EMV migration on contactless payments.

Companies mentioned

Apple Pay

Android Pay

Samsung Pay

Barclays

VeriFone

Ingenico

Alcatel UK

Visa

Nymi

MasterCard

DNB Bank

Danske Bank

Svenska Handelsbanken

Jyske Bank

Swedbank

SEB

LHV Bank

Citibank

Telcom Italia Mobile

Starbucks

Tesco

Boots

Costa Coffee

Banco Santander

BBVA Chile

National Australia Bank

Westpac

UnionPay

Standard Bank

ABSA

Riyadh Bank

Boubyan Bank

Gemalto

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