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NFC mobile payment transaction spend to hit the $100 B mark in 2016

ABI Research forecasts that the total value spend of NFC mobile payments will rise from $4 billion in 2012 to $191 billion in 2017, breaking the $100 billion mark in 2016. Mobile payments and more importantly the convergence between payment types - proximity, P2P and online - stored on a single NFC handset will be the initial trigger  driving market convergence across a host of other markets, including ticketing, retail, loyalty, and access control.


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