Global contactless transaction value, contactless card shipment, NFC payments and others

The evolution of contactless payments and its impact on participants in the payment value chain is on interesting curve that deserves your kind attention. In effect, the status of contactless payments globally and the regional differences in adoption draw lot of excitements. 

 

In effect, I have captured for you, some of the key indicators such as global contactless transaction value, contactless card shipment, NFC payments and number of contactless POS terminals from Research and Markets.

Key Highlights include:

- It's estimated that US$358 billion in contactless transactions will be made in 2016, through both cards and mobile devices, on 23 million contactless-enabled POS terminals globally.

- While most contactless payments globally are still card-based, near-field communication (NFC) mobile payments are likely to grow faster than contactless card payments.

- Australia, Europe and Canada account for the majority of contactless card payments globally, while the US leads in mobile NFC payments.

- Mass transit systems are one of the largest markets for contactless transactions, and as a result, they have played a key role in the promotion and adoption of contactless.