A report by IDC posts the big $1 trillion number for mobile payments, but the author, Aaron McPherson, a self confessed NFC sceptic (there should be a club), is quick to point out that a) this is a drop in the overall transaction totals – which are close to $50 trillion and b) he was surprised at the signs that NFC might yet be a major part of the game. With NFC functionality now being bolted into chips, then maybe a few of us may yet have to eat our hats.
Report: mobile payments to hit $1 trillion by 2017 | MobilePaymentsToday.com.
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