A Technology Called Near Field Communication Is Gaining Momentum In The Race To Popularise Mobile Payments

Mobile In StoreBIINFC has a real opportunity to power this boom

For years, analysts have said we would soon be ditching our plastic credit and debit cards and start paying with our mobile phones. Our smartphones would use a radio frequency called near field communication (NFC), to send payments data to compatible store registers. But NFC-based apps like Google Wallet failed to gain popularity, and NFC fell out of the mobile payments conversation.

In a new report from BI Intelligence, we take a look at why NFC is back. Apple may include it in the iPhone 6. Recent developments on the consumer, merchant, and developer side are reinvigorating NFC and making it a strong contender to become a leading technology for in-store mobile payments.

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Here are some of the key takeaways:

In full, the report:

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