A new report from Juniper Research calls for major growth in the market for NFC mobile payments.
And not surprisingly, Apple is expected to play a critical role in the anticipated boom.
Juniper reports this week that there will be 516 million mobile users of NFC (Near Field Communication) contactless payment services by the end of 2019.
By comparison, there will only be 101 million users at the close of 2014.
Juniper says Apple’s introduction of an NFC-based payment mechanism, Apple Pay, will “stimulate the wider marketplace, helping to address the key challenges of contactless awareness and acceptance.”
By the end of the decade, the research giant proposes, three-quarters of smartphones worldwide will contain an NFC controller chip.
Juniper’s newest whitepaper, Getting in Touch with NFC, is available to download from the Juniper website now.
To check it out, click here.