Point-of-Sale Terminals Upgrade to Contactless Payments
Contactless transactions at POS are increasingly displacing cash in multiple markets. The study found that the average value per contactless transaction will grow from under $19 in 2019 to over $23 in 2024, with mobile payments and increasing contactless card issuance in the U.S. driving transaction growth.
China will Continue to Lead Global eRetail Payments
Juniper now forecasts that over half of global revenue will be generated in China by 2024 — primarily owing to its increasing consumer affluence, and vast usage of Chinese social payments platforms such as WeChat Pay.
Fraud Detection and Prevention Secures Digital Payments
The digital payments arena is undergoing rapid change, owing to a combination of factors. Transactions are growing rapidly year-on-year as convenience improves, and regulatory changes help to drive adoption. Meanwhile, the scope of different payment types is increasing.
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.
U.S. Proximity Mobile Payments will Reach $49.29 Billion
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
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
Smart Point of Sale Solutions are Gaining Momentum
ABI Research forecasts the point of sale (POS) hardware market will increase to more than $4.5 billion in 2021, with revenues generated from a combination of traditional POS and mPOS — which employs a smartphone or media tablet as the cash register.
Source: Digital Lifescapes
Retail Point-of-Sale Technology Evolves with NFC and mPOS
The market for NFC-ready POS terminals continued to show momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million units, according to the latest worldwide market study by Berg Insight.
Source: Digital Lifescapes
Contactless POS Transactions to Reach $500 Billion by 2017
A new market study by Juniper Research has found that the value of contactless POS terminal transactions — conducted in-store via cards, mobile phones and wearables — will approach $500 billion annually by 2017; that’s up from an estimated $321 billion this year.
Source: Digital Lifescapes
Contactless POS Transactions will Reach $500 Billion in 2017
According to Juniper Research, the global value of contactless POS terminal transactions — conducted in-store via cards, mobile phones and wearables — will approach $500 billion annually by 2017; that’s up from an estimated $321 billion this year.
Source: Digital Lifescapes
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