Digital NFC Payment Rising

iphone-6-watch-amex-300-1.jpegNFC Payment Rising

This article originally appeared in CSP Daily News by Angel Abcede

The use of contactless payment and near-field communication (NFC) technology is expected to push digital payments worldwide to $3.66 trillion, up 20% from 2015, according to a recent study.

Tap-and-pay plastic cards, cellphones with NFC technology and e-commerce options on laptops and desktop devices are fueling the trend, reported Digital Transactions News, which cited a recent study from Juniper Research, Basingstoke, U.K.

Though laptop and desktop devices dominate e-commerce spending today, the research predicted smartphones and tablets will overtake those devices for share of purchases by 2019, with ongoing introductions of Apple Pay and Samsung Pay happening in more countries.

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Author Credits: 

By Angel Abcede, Senior Editor/Content Development Coordinator, CSP

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