Tag: nfc phone

WestSummit announces new investments, targets mobile commerce for future growth

Stephen Vagus
Mobile Commerce Future

WestSummit Captial, a technology investment firm based in China, has announced that it will be investing in projects from Union Optech, an optical lens manufacturer, and INSIDE Secure, an NFC technology provider from Europe. WestSummit has extensive history in investing in growth stage technologies, powering their progress and making new products ready from commercialization. The company believes that its latest investments will be beneficial for the technologic ecosystem of China, especially as the country becomes more interested in mobile commerce. INSIDE Secure has been a leading developer of NFC technology…

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Study shows that consumers are divided on the concept of mobile commerce

Stephen Vagus
Mobile Commerce NFC technology

A new study from the Auriemma Consulting Group, a financial consulting firm, indicates that there are two distinct groups of consumers when it comes to mobile commerce. The study notes that the division is very black and white. The first group represents consumers who are willing to adopt mobile commerce and purchase NFC-enabled mobile devices. The second group represents those who are unwilling to take part in mobile payments. The study shows that the latter of the two is the largest by a significant margin. According to Auriemma, approximately 30%…

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Juniper Research estimates $74 billion in NFC transactions by 2015

Jennifer Goula
NFC Technology

The results of a recently released Juniper Research study have predicted that near field communication (NFC) will have been used for $74 billion in transactions by the year 2015. This technology is growing in its use for in-store purchases, as well as for buying transit and other forms of tickets. It is becoming an increasingly popular way to use a smartphone as a credit card or paper ticket alternative. The Mobile Commerce Markets report also indicated that the fast smartphone adoption for applications relating to commerce has not in any…

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Sony’s new Xperia sola smart phone will feature NFC technology

Sam Lambert
Xperia sola smart phone

Sony has revealed their next smart phone called the Xperia sola. The acclaimed technology company has been keeping an eye on the emerging trends in the world of mobility, namely the rising demand for NFC-enabled devices. Other companies have already begun work on such devices – Nokia being among the first to launch NFC-enabled smart phones in the commercial market. In an effort to meet demand and establish its hold on its share of the NFC market, Sony’s Xperia sola will feature NFC technology. Sony developed the smart phone with…

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Report claims mobile commerce industry tied to the availability of NFC-enabled mobile devices

Stephen Vagus
Mobile Payments

A new report from GBI Research, a strategic intelligence and analysis firm covering a multitude of industries around the world, suggests that mobile commerce may be held back by the availability of NFC-enabled smart phones and other mobile devices. The report, titled Near Field Communication Market to 2016 – Increased Availability of NFC Embedded Handsets Key for Higher Market Penetration, covers a variety of topics concerning the progress of the mobile commerce industry and how telecommunications companies are affecting it. Notably, the report compares the various international standards governing the…

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