Displaying items by tag: NFC

Demand for mobile banking services has grown by 80 per cent in the year to date at Westpac - which is forecasting it will achieve the first million mobile users two times faster than it reached that milestone for fixed internet access.

Consumers around the world are increasingly buying and making payments for everyday transactions using their mobile devices, with the total value of mobile payments expected to rise by $430 billion by 2015.

Having your cellphone as the only thing you need to carry to pay for anything from bus and train fares to your week's groceries and much more is become a distinct possibility as a 'ducks line up' for mobile payment systems enabled by near field communications.