According to a new Berg Insight reporter global merchants the world over are deploying more NFC terminals at the point of sale and activating the NFC capability.
Berg Insight estimates global shipments of NFC-enabled POS terminals in 2014 increased
Merchants deploying NFC terminals in greater numbers globally
33% year over year for approximately 9.5 million in total, bringing the installed base to 21.4 million units.
Three-quarters of the units shipped in the US were NFC-capable, versus 80% in Europe. By year’s end, the US had 17% of the worldwide total, or 3.7 million. Berg Insight predicts the installed NFC terminal base will grow 28.4% a year to 74.9 million devices by the end of 2019, which means the%age of NFC-enabled POS terminals worldwide will climb to 70% from 28% in 2014.
Meanwhile, Berg Insight estimates the number of POS terminals worldwide accepting contactless payments at the end of 2014 was 9 million, up 300% in two years, and 42% of the year-end installed base of NFC-capable POS devices.
“The data show that merchants have started to embrace NFC, which up until now has been a missing piece in the puzzle,” says Berg Insight analyst Lars Kurkinen.
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