The global value of contactless POS (point of sale) terminal transactions, conducted in-store via cards, mobile and wearables, is exploding worldwide and by next year the value of transactions will soar to a whopping US$500 billion annually – up from an estimated US$321 billion for 2016.
The global value of contactless Point of Sale (POS) terminal transactions is surging, with the value of all transactions around the world expected to reach US$500 billion annually by the end of 2017, up from US$321 billion this year, according to Juniper Research.
With watches, wristbands, NFC handsets, payment cards and contactless payments all the rage and only growing, reaching nearly $100 billion annually by 2018 seems assured.
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Would happily pay for 250mbit but sadly speed limited on the 850mtrs of copper to 50mbit max.