NFC technology based payments aren’t as popular as carrier billing

NFC technology mobile payments

When it comes to short term monetization of smartphone transactions, near field communication fell short. According to a new whitepaper that was just released by Juniper Research and Amdocs, which has revealed the leading mobile payments strategies and it discovered that NFC technology is currently nowhere near the lead. The whitepaper provided considerable insight into the techniques that are currently leading the way. The name of the whitepaper was “Mobile Payments in the App Store Economy: Winning Strategies for Telcos.” It focused a great deal on the relevance of telcos…

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Juniper Research study shows mobile commerce should hit $74 billion in NFC transactions by 2015

NFC Mobile commerce Payments students

The results of the latest study by Juniper Research have been released, showing that near field communication (NFC) technology will have facilitated approximately $74 billion in mobile transactions by the year 2015. Though NFC mobile payments remain in their infancy, they are being used on an increasing basis for the purchase of transit tickets and to purchase products in-store. The use of smartphones as an alternative to paper tickets and plastic credit cards is among the most rapidly growing segments of the m-commerce marketplace. The report, called “Mobile Commerce Markets”,…

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