85% of POS terminals will be NFC capable by 2016 thanks to Google Wallet buzz
ABI Research projects that 85% of POS terminals will be NFC capable by 2016 thanks to Google Wallet buzz
ABI Research has released a report detailing how Google Wallet and NFC phone buzz has caught the imagination of retailers and projected how they will adopt NFC POS terminals. It is projected that by 2016, 85% of POS terminals will be NFC-enabled and consumers will be able to pay with either an NFC phone or an EMV (chip and PIN) card. This in many ways contradicts many other reports that have projected that NFC adoption will be slower. Verfione’s CEO, Doug Bergeron, said at the FortuneTech conference just a month ago that NFC projections were blown out of proportion. Eric Schmidt of Google, however, has projected a more aggressive adoption rate than ABI and foresees one third of merchants taking on NFC POS terminals by mid next year.
ABI Research projections on NFC POS terminals
ABI believes that one third of POS terminals will be NFC capable within 12 months which is robust adoption to say the least, and isn’t so far off what seemed an astronomically high 50% quoted by Eric Schmidt.
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