Strategy Analytics released this new report ‘Mobile Contactless Payments – Growth on the Horizon’ analyzing payment for goods or services using phones instead of cash, credit or debit cards. At a global level, activity in the mobile phone contactless payment market today is still negligible; over the past two years the only bright point has been the FeliCa service in Japan, which has provided a model for the speed with which services can take off if the right players and the right structure are put in place. The report estimates that FeliCa will drive $900 million worth of payments in Japan during 2006.
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