NFC to account for half of Europe’s mobile payments

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About 42.3% of mobile payments in Europe in 2015 will be NFC payments, and the percentage will increase to 49.6% in 2018, when 38% of mobile phones shipped will feature NFC, according to a new Frost & Sullivan report.

“The European population is moving towards prepaid, online and contactless payments for small amounts,” says Frost & Sullivan’s Jean-Noel Georges. “Numerous commercial mobile payment offerings will be launched in 2013, and by 2014-2015, greater uptake will follow.”

NFC World (12/19/12) Clark, Mike

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