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700m NFC-equipped mobiles within 5 years?

All it needs is Nokia (for example) to add Near-Field-Communication (transaction capabilities) and woooosh, we’ve got a whole new ball game.

A new analysis of the NFC mobile payments opportunity forecasts that 700m mobile subscribers globally will have phones equipped with NFC contactless technology by 2013. NFC will enable users to make payments with their mobile phones for relatively low value purchases (such as refreshments, tickets and food).

There’s going to be a whole lot of money to be made in this area, if it’s done correctly. You can check out the full NFC report from Juniper via their site.

By Ewan

Ewan is Founder and Editor of Mobile Industry Review. He writes about a wide variety of industry issues and is usually active on Twitter most days. You can read more about him or reach him with these details.

3 replies on “700m NFC-equipped mobiles within 5 years?”

Makes perfect sense for the low dollar transactions. I was at a Best Buy the other day (local electronics retailer), and I asked about how many people checkout with their contactless POS terminals. The clerk said very few seem to have credit cards that are contactless but even worse, the ease of checking out was diminished since everyone has to still sign for purchases over $25. And in a place like that, you're lucky to get out of there for less than $100 =O

Makes perfect sense for the low dollar transactions. I was at a Best Buy the other day (local electronics retailer), and I asked about how many people checkout with their contactless POS terminals. The clerk said very few seem to have credit cards that are contactless but even worse, the ease of checking out was diminished since everyone has to still sign for purchases over $25. And in a place like that, you're lucky to get out of there for less than $100 =O

Makes perfect sense for the low dollar transactions. I was at a Best Buy the other day (local electronics retailer), and I asked about how many people checkout with their contactless POS terminals. The clerk said very few seem to have credit cards that are contactless but even worse, the ease of checking out was diminished since everyone has to still sign for purchases over $25. And in a place like that, you're lucky to get out of there for less than $100 =O

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