Just as we see use of plastic cards for payments today, tapping the mobile phone to make payments at retail stores or making purchases while travelling by train does not seem to be the distant reality. Mobile payments in the US are expected to reach $142 billion in volume in 2019 (Source). Research giants like…
The papers carried news recently of cardiac surgeons in Warsaw using Google Glass and an optical display mounted on the head to restore blood flow in an important artery of a patient. While the news highlighted the pioneering nature of the surgery many will agree that even this innovative use of the Glass is not…
Market research firm Chadwick Martin Bailey reported earlier this month that by the end of this year approximately 37% of Americans would have used a mobile wallet – up from less than 9% in mid 2013. Consider also that the same study also found that almost 40% of those who said they were “most likely”…
Over the last couple of posts, we have kept the focus on payment technologies in general and to some extent on NFC in particular. While putting these posts together, we came across some disquieting signs as well. In a previous post, we had reported on the findings of Mobile research firm Yankee Research for the…
NFC is often discussed with reference to mobile payments. With iPhone 6 supporting NFC with Apply Pay, the excitement around NFC again picked up a lot in the last year. Undoubtedly, there is huge traction for NFC all over. According to a study by Juniper, by the end of 2016, the number of mobile wallet…
“The evolving social and digital media platforms and highly innovative and relevant payment capabilities are causing seismic changes in consumer behavior and creating equally disruptive opportunities for business.” – Howard Schultz The change the CEO of Starbucks was talking about may already be here. Gartner has estimated that by 2017 mobile payments worldwide would touch…
Research firm Berg Insight had forecast that in-store Mobile Wallet payments in the EU alone would rise from EU 100 Million in 2012 to over EU 45 Billion in 2017 and in North America from 400 Million to over 33 Billion in the same time. Gartner’s estimate of the total value of all mobile payment…
According to estimates by Cisco, the number of devices connected to the Internet will reach 50 billion by 2020 (the number is close to 10 billion today). This rise is attributed to Internet of Things – wherein; more and more devices are connected to the Internet. ‘Smart’ things such as cameras, door locks, toys, thermostats…
Retail industry is beginning to feel the impact of soaring mobile device penetration across the world. A recent Barclays report suggests that the retail sales made via mobile devices are expected to reach GBP 32 billion by 2019. Another research suggests that the online retail is expected to grow to about $50 billion by 2016 –…
