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GSMA NFC Mobile Money Summit: Day 1

by Neil Mawston | 10月 15, 2013

An analyst from our Wireless Device Strategies (WDS) service, Neil Mawston, presented at the GSMA's NFC Mobile Money Summit (MMS) in New York, US, on Tues 15th and Weds 16th October, 2013.

The event was well attended from across the globe and slickly put together.

Three important conclusions we drew from the presentations during Day 1 (Tues) include:

1. The GSMA indicates 74 countries worldwide offered mobile money programs commercially in Q3 2013. From Austria to Zimbabwe. It is a truly global movement;

2. International NFC roaming for most is a distant prospect. The NFC industry remains too fragmented. Mega profits for carriers from international NFC payments are years away;

3. SMS payments and QR codes are giving NFC phones a run for their money in some countries, like China. NFC is NOT the only game in town.

More to follow from Day 2 (Weds) tomorrow.

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