Yesterday, Gartner presented a picture of a $172-billion mobile payments industry that is still largely based around older technologies like SMS and web-based payments, with newer services like NFC chips playing a very marginal role. Today, Juniper Research paints a more encouraging picture for NFC: It says in a�new report�that one�in four consumers in the U.S. and Western Europe will tap, wave and hover NFC-enabled handsets at points of sale to buy goods by 2017. But it also notes that today the number of transactions made on NFC phones in those regions is less than two percent. The news comes on the same day that PayPal has started to ramp up its mobile payments push internationally. The eBay-owned payments company today began the UK�launch�of its retail mobile payments app for iOS and Android devices, PayPal InStore. The clothing chains�Coast, Oasis, Warehouse, and Karen Millen are the first to sign on.
Wednesday, May 30, 2012
Baby Steps To NFC: PayPal InStore Hits The UK; Juniper Says 1 In 4 To Pay With NFC Phones By 2017
Yesterday, Gartner presented a picture of a $172-billion mobile payments industry that is still largely based around older technologies like SMS and web-based payments, with newer services like NFC chips playing a very marginal role. Today, Juniper Research paints a more encouraging picture for NFC: It says in a�new report�that one�in four consumers in the U.S. and Western Europe will tap, wave and hover NFC-enabled handsets at points of sale to buy goods by 2017. But it also notes that today the number of transactions made on NFC phones in those regions is less than two percent. The news comes on the same day that PayPal has started to ramp up its mobile payments push internationally. The eBay-owned payments company today began the UK�launch�of its retail mobile payments app for iOS and Android devices, PayPal InStore. The clothing chains�Coast, Oasis, Warehouse, and Karen Millen are the first to sign on.
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