ContactlessNews | Report: The latest on the Polish contactless payment market

Wednesday, January 4, 2012

Research and Markets announced the addition of a report concerning the latest state of the Polish contactless payment market.

Entitled “Polish Contactless Payments Market 2011: Issuance, Transactions and Innovations” the report presents detailed analysis based on surveys carried out among all banks issuing contactless payment instruments and acquirers that operated contactless payments on the Polish market.

Replies were received from 14 banks, which hold 93% of all contactless cards issued in Poland, and five acquirers representing the entire Polish contactless point-of-sale terminals network. The 25 page report contains more than 28 charts and figures, further supported with 13 expert interviews.

Companies who participated in the report include 14 banks, issuers of contactless cards, five acquirers, MasterCard Europe, Visa Europe and IKEA.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

Report: NFC market worth $10 billion in 2016

MarketsandMarkets has released a new report predicting that the NFC applications market will surpass $10 billion by 2016 at a compound annual growth rate of 38% from 2011 to 2016.

OTI to deliver 30,000 NFC readers in the U.S.

On Track Innovations (OTI) has received an order for 30,000 of its NFC and contactless payment readers for deployment in the U.S.

OTI did not reveal who will receive the readers, but assured that the devices would be used to support the migration towards contactless payments and NFC in the U.S.

Report: NFC payments here to stay for 9 out of 10 users

Nine out of 10 previous users of contactless mobile payments are likely to use the technology again in the near future, according to eDigitalResearch’s new Mobile Payment Index study.

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