NFC Mobiles to reach 700m according to research

ITProPortal: Analysts at Juniper Research have speculated that Near Field Communication (NFC) enabled mobile sets are expected to reach to 700 million users by 2013.

As per a recent report from Juniper Networks titled, “Mobile Payment Markets: Contactless NFC 2008-2013”, the mobile payment services market exude tremendous growth potential, especially during the period of 2011 to 2013.

Earlier, O2 had completed a successful trail of pay-by-mobile services that employs RFID technology and had concluded that the technology can be utilised for simplifying the life of users; however, the company asserted that the technology is in its nascent stage and there is still a long way to go for its complete implementation.

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