NFC Mobile Payment Transaction Spend to Hit the $100 billion Mark in 2016

ABI Research forecasts that the total value spend of near field communications mobile payments will rise from $4 billion in 2012 to $191 billion in 2017, breaking the $100 billion mark in 2016. 

The volume of those retail transactions hinges in part on the number of NFC devices used by consumers, partly by the prowess of mobile payment system providers, partly by retailer adoption and partly by the value consumers come to attribute to such payment systems. 



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