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Contactless Payment Should Shine in 2009

Author: Michael Liard, Research Director, Security and ID

Published: 08 Apr 2009

With the current credit crunch situation in the worldwide financial markets, 2009 will be a challenging year for many industries, including the RFID industry. Given the state of the global finance and banking market, it would be natural to assume that contactless payment card growth will slow or contract during these difficult economic times. This is simply not the case. In fact, ABI Research believes that 2009 will be a banner year for contactless payments.

The full text of this Insight is available to subscribers of the RFID Research Service and the Mobile Money & NFC Research Service.

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