Tag Archive | payments

How NFC is Penetrating Retail Point-of-Sale Apps

How NFC is Penetrating Retail Point-of-Sale Apps

According to the latest worldwide market study by Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2017 with annual shipments reaching an estimated 24.7 million units worldwide.

via Digital Lifescapes

Digital Payments: Government Fintech Solutions in Action

Digital Payments: Government Fintech Solutions in Action

The digitization of payments is a necessary stepping stone in hauling anti-corruption systems into the 21st century. By leveraging payment data and advanced analytics, governments could save up to $1 trillion worldwide.

via World Economic Forum

Alternative Online Payment Technology Gains Momentum

Alternative Online Payment Technology Gains Momentum

The value of spending on remote payments for digital and physical goods will surpass $3.3 trillion this year — that’s up 10 percent on the 2017 total of $3 trillion, according to the latest worldwide market study by Juniper Research.

via Digital Lifescapes

U.S. Proximity Mobile Payments will Reach $49.29 Billion

mobile payments market research

eMarketer estimates the value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017 — that’s up 78.1% from last year. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9% in 2021.

Source: eMarketer

Digital Payment and Banking Card Market is Evolving

banking fintech market research

All eyes are now firmly fixed on the U.S., China, and India, driven by an expectation that over 56 percent of all EMV cards issued globally in 2017 will be issued into one of these three countries.

Source: Digital Lifescapes

Online Payment Fraud Detection and Prevention Apps

online fraud market research

A new market study from Juniper Research has found that spending on online fraud detection and prevention (FDP) solutions will reach $9.3 billion by 2022 — that’s an increase of 22 percent over this year’s anticipated spend.

Source: Digital Lifescapes

Android Pay Enters the Mobile Apps Market in Spain

Google android market research

Android is undeniably Spain’s preferred smartphone operating system. Its share of advanced handset sales as of December 2016 was 87.2%, continuing a trend that since 2012 has seen Android power at least eight in 10 smartphones purchased in the country.

Source: eMarketer