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Analyst Opinions
Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile?
GlobalData’s 'Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile?' provides market analysis, information and insights on contactless payments globally, including: • Current and forecast analysis of contactless payment market, including previous and future market growth. • Comprehensive analysis of contactless payments through cards and mobile handsets. • Insights on the evolution and the level of adoption of contactless payments by region. • Comprehensive analysis on the impact of contactless on payment participants, including consumers, merchants,...
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Sector Analysis
2016: Key Trends in Consumer Payments
Strong emphasis will be placed on positioning mobile wallets as a mainstream alternative to cash and cards, with building merchant acceptance levels a top priority in the near term. Registration incentives, and usage rewards will be commonly used tactics to drive consumer uptake within the space. Regulators and industry standard-setting bodies will issue more explicit rules and guidelines for online and mobile payment security. The sharing of cyber security threat data between the government and businesses will form a crucial...
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Analyst Opinions
Preparing for PSD2 and Open Banking
The EU’s Directive on Payment Services 2 (PSD2) will accelerate the fragmentation of Europe’s retail banking industry following the global financial crisis. The opportunities brought about by PSD2 will energize banks with strong brand awareness and advanced digital offerings into pushing the boundaries of open banking. Increased competition from card issuers and non-bank third-party providers will prompt steady mid-cap players to fundamentally evaluate their strategies. Banks that are competing on price may see a future in collaborating with third parties,...
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Analyst Opinions
Wearable Payments: Sizing the Opportunity
The wearable payments market is still very much in its infancy, with most companies in this space still experimenting with form factors and functionality. Apple has emerged as a frontrunner with its payments-capable Apple Watch, but it is far from the only high-profile company in this space. With the market in its current state it is far too early to call Apple’s first-mover advantage decisive, and while this space is likely to see a lot of attention and investment in...