Near Field Communication: Unstoppable Rise Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Remittance Market Research Reports that Analyst over the years on the confidence of their experience and advancement have speculated that plastic cards would be ditched by our phone that is they would use a radio frequency called Near Field Communication (NFC) to send payments data to compatible store registers. Active devices are able to both send and receive data, and can communicate with each others as well as passive devices. Smartphone are the most common form of active NFC device Modes of Operation of NFC NFC devices support three modes of operation reader/writer, peer to peer, and card emulation. Reader/writer Mode: NFC devices are capable of reading NFC forum-mandated tag such as contactless smartcard. This mode is used to get information or initiate an action. Peer-to- Peer Mode: It is used to establish two-way communication to exchange data. They can initiate communication as equals or peers. Card Emulation Mode: This enables contactless payment and ticketing, access control, transit, tollgates without changing the existing infrastructure. Technology Enabler NFC has proved to be blessing in disguise for customers and business due to its inherent characteristics such as: Intuitive: NFC interactions is one touch simple setup and can replace the pairing of Bluetooth enabled devices, or the configuration of Wi-Fi network through PINs and keys Open and standards based: NFC technology follow universally implemented ISO, ECMA and ETSI standards. Interoperable: NFC has ability to support secure application, its transmission are short ranging from touch to four centimeters and exists with contactless card technologies. Remittance Industry Analysis Reports that in 2017, Apple opened up IOS 11 to support NFC application on the iphone. They had NFC integrated in their phones, it’s no longer limited to Apple Pay but even third party developers can take advantage. Even the android phones who are dominant market leaders globally they have already inculcated native NFC support on the phones ranging from Samsung galaxy S9 to the new Google pixel 2. In fact there are already over 2 billion NFC enabled devices in the world across every major mobile operating system. According to industry veterans NFC market will continue to grow 17.9 percent over the next decade, reaching nearly $50 billion by 2025. Tostitos’ launched an alcoholic- detecting chip bag that allows those who had a little much to drink to call an uber by tapping the NFC- enabled bag. NIKE’s NFC enabled basketball fan jerseys unlock premium content like game highlights, playlists and products. Compari and skyy vodka’s fridge magnet let you order alcohol with the tap of your phone. Even L’Oreal introduced a UV sensor to test how much sun you’ve taken in the day. Promising Future of NFC All Developing countries for instance Mexico still has large chunk of the population that is still not in the reach of banks and financial institutions due to lack of infrastructure and information to the customers. This makes the usage of mobile banking a prime source to reach the rural customers who would ideally take years to become a part of the banking and financial services sector. This trend is likely to be continued in future with the proliferation of smart phones that makes online transfers more convenient and cheaper. However in India the market is bit different as people are not comfortable with NFC they are still depends on cash transactions. Android, Apple, and Samsung Pay are notable users of NFC technology which promote safe and secure payment between customer and POS system with just one tap. In new age of globalization and technology advancement NFC is prophesized to be knight in shining armor by collaborating with POS and MPOS systems and even give his share of contribution in healthcare sector by detecting problem just by touch. NFC would become a major factor for discarding debit card in the future. For more information, click on the link below: https://www.kenresearch.com/tag/banking-financial-services-and-insurance/remittance/177.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Tags: Market Research Reports for Remittance, Remittance Business Review, Remittance Industry Analysis, Remittance Industry Research and Market Reports, Remittance Industry Research Report, Remittance Market Research Reports, Remittance Market Research Reports Consulting