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Mobile and wearable payments to hit USD95 bln by 2018

The global value of mobile and wearable contactless payments is expected to reach USD95 billion annually by 2018, up from less than USD35 billion in 2015, according to a new study.

According to the new research from Juniper Research – Contactless Payments: NFC Handsets, Wearables & Payment Cards 2016-2020 – the emergence of a range of connected wearables has piqued the interest of NFC stakeholders. It anticipated that devices such as watches and wristbands would be in the vanguard of these developments, although it cautioned that the sector would take several years to reach critical mass.

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