Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile?

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GlobalData’s 'Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile?' analyzes the evolution of contactless payment and its impact on participants in the payment sector.

The report further explores the status of contactless payments globally, and provides detailed insights on the contactless payment market by region, including Europe, North and South America, Asia-Pacific, the Middle East and Africa.

The report also provides detailed insights on key indicators such as global contactless transaction value, contactless card shipment, NFC payments and the number of contactless POS terminals.

Scope

This report:

• Provides a comprehensive analysis of the contactless payment market worldwide.

• Provides the current value and forecast analysis of the contactless payment market.

• Covers regional analysis with respect to contactless cards and NFC mobile payments.

• Assesses the impact of contactless on participants in the payment sector.

• Analyzes regional differences in the adoption of contactless.

Key Highlights

• Timetric estimates that US$358 billion in contactless transactions will be made in 2016, through both cards and mobile devices, at 23 million contactless-enabled POS terminals globally.

• While most contactless payments globally are still card-based, near-field communication (NFC) mobile payments are likely to grow faster than contactless card payments.

• Australia, Europe and Canada account for the majority of contactless card payments globally, while the US leads in mobile NFC payments.

• Mass transit systems are one of the largest markets for contactless transactions, and as a result, have played a key role in the promotion and adoption of contactless.

Reasons to Buy

• Gain understanding of the future of consumer payments, including contactless cards and NFC mobile.

• Gain insights into the evolution of contactless payment.

• Understand the impact of contactless on payment participants, including PSPs, merchants, schemes and consumers.

• Understand why some regions are falling behind whereas others are developed.

• Understand the impact of the EMV migration on contactless payments.

Apple Pay
Android Pay
Samsung Pay
Barclays
VeriFone
Ingenico
Alcatel UK
Visa
Nymi
MasterCard
DNB Bank
Danske Bank
Svenska Handelsbanken
Jyske Bank
Swedbank
SEB
LHV Bank
Citibank
Telcom Italia Mobile
Starbucks
Tesco
Boots
Costa Coffee
Banco Santander
BBVA Chile
National Australia Bank
Westpac
UnionPay
Standard Bank
ABSA
Riyadh Bank
Boubyan Bank
Gemalto

Table of Contents

1 Definitions and Methodology

1.1 Definitions

1.2 Methodology

2 Executive Summary

3 The Evolution of Contactless Payments

4 The Impact of Contactless on Payment Participants

5 The Status of Contactless Payments: Global Overview

6 Regional Differences in Adoption of Contactless

6.1 Europe

6.1.1 Contactless cards in key countries

6.1.2 Regional overview

6.1.3 Contactless payments market size and future outlook

6.1.4 Key trends and insights

6.2 North and South America

6.2.1 Regional overview

6.2.2 Key trends and insights

6.3 Asia-Pacific

6.3.1 Regional overview

6.3.2 Key trends and insights

6.4 The Middle East and Africa

6.4.1 Regional overview

7 Conclusion

8 Appendix

8.1 Contact GlobalData

8.2 About GlobalData

8.3 GlobalData’s Services

8.4 Disclaimer

Table

Table 1: Key Definitions

Table 2: Contactless Payments Cost-Benefit Analysis for PSPs

Table 3: Contactless Payments Cost-Benefit Analysis for Consumers

Table 4: Europe – Number of Contactless Cards in Circulation, 2014–2015

Table 5: Europe – Contactless Adoption Overview

Table 6: Europe Contactless Payments – Market Size and Outlook

Table 7: North and South America – Contactless Adoption Overview

Table 8: Asia-Pacific – Contactless Adoption Overview

Figures

Figure 1: Evolution of Contactless Payment Modes

Figure 2: New Smartphone Subscriber Addition by Region, 2015–2021

Figure 3: Global Contactless Transaction Value, 2015–2020

Figure 4: Global Contactless Card Shipment, 2010–2015

Figure 5: Global POS Terminals, 2013–2020

Figure 6: Global Contactless Cards Transaction Value, 2015–2020

Figure 7: Global Mobile NFC Payments, 2015–2020

Figure 8: Status of Contactless Adoption

Figure 9: Europe – Contactless Transaction Penetration, Q2 2015

Figure 10: Europe – Number of Contactless Cards, Transaction Value and Volume, 2013–2020

Figure 11: The US – EMV Migration Status, 2012–2016

Figure 12: The US – Number of EMV/NFC capable POS Terminals, 2012–2016

Figure 13: Octopus Card – Facts and Figures – 2016

Figure 14: NAB Pay Transaction Breakdown, January – April 2016

Frequently asked questions

Insight Report: The Future of Consumer Payments – Contactless Cards or NFC Mobile? standard reports
Currency USD
$3,450

Can be used by individual purchaser only

$10,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


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