The new study by Juniper Research reported that the number of contactless transactions through mobile devices will exceed 9.9 billion by 2018. For comparison, last year this number was 3 billion.
The report notes that two key factors – HCE technology (Host Card Emulation) and the expected launch of Apple’s iWallet – will stimulate the growth of contactless payments in the medium term.
By 2018, the number of contactless mobile payments will be 10 billion per year — Juniper Research
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