Contactless mobile payments TMT 2015

Predictions

Contactless mobile payments (finally) gain momentum

TMT Predictions 2015

Five percent of the base of 600-650 million near-field communication (NFC) equipped phones will be used at least once a month to make contactless in-store payments at retail outlets by end-2015, predicts Deloitte.

Executive summary

Deloitte predicts that by end-2015, five percent of the base of 600-650 million near-field communication (NFC) equipped phones will be used at least once a month to make contactless in-store payments at retail outlets. This compares with monthly usage by less than 0.5 percent of the 450-500 million NFC-phone owners as of mid-2014. Contactless mobile payment will not be mainstream by end-2015, but niche adoption will be a major progression from near nil in prior years. 

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Contactless mobile payments (finally) gain momentum

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