US proximity payments will reach $487 billion by 2020
A report compiled by Aite Group is predicting that mobile proximity payments will jump from $7.5 billion in 2015 to nearly half a trillion in in the next five years.
Aite Group is an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry.
Aite Group is an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry.
Aite Group conducts custom consulting projects, including white papers, in-person strategy sessions and webinars, competitive analysis, market entry strategy, vendor evaluations, qualitative and quantitative customer research.
A report compiled by Aite Group is predicting that mobile proximity payments will jump from $7.5 billion in 2015 to nearly half a trillion in in the next five years.
According to Aite Group, by the end of 2015, 70% of US credit cards and 41% of debit cards will be EMV enabled.