Host card emulation

Contactless Payment Market Report 2022: Sector to Reach $164.15 Billion by 2030 at a 19.1% CAGR

Retrieved on:

Tuesday, February 14, 2023

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1% during the forecast period.

Key Points:

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1% during the forecast period.
Furthermore, a significant increase in digitalization and e-commerce platforms across the globe is boosting the growth of the contactless payment market.
The COVID-19 outbreak played a vital role in driving the growth of the contactless payment market during the forecast period.
Contactless payment market in others, 2017 - 2030

Contactless Payment (Smartphone, Card) Market Analysis Report 2022: A $164.15 Billion Global Market by 2030 - Adoption of Digital Payment Platforms Gaining Traction - ResearchAndMarkets.com

Retrieved on:

Wednesday, December 28, 2022

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1%

Key Points:

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1%
Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth.
Furthermore, a significant increase in digitalization and e-commerce platforms across the globe is boosting the growth of the contactless payment market.
The COVID-19 outbreak played a vital role in driving the growth of the contactless payment market during the forecast period.
Growing demand for contactless payments across the region is expected to play an important role in driving the growth of the regional market

Contactless Payment Market to be Worth $164.15 Billion by 2030: Grand View Research, Inc.

Retrieved on:

Thursday, December 8, 2022

Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth.

Key Points:

Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth.
Furthermore, a significant increase in digitalization and e-commerce platforms across the globe is boosting the growth of the contactless payment market.
The COVID-19 outbreak played a vital role in driving the growth of the contactless payment market during the forecast period.
Grand View Research has segmented the global contactless payment market based on the type, application, and region

Contactless Payment Market to be Worth $164.15 Billion by 2030: Grand View Research, Inc.

Retrieved on:

Thursday, December 8, 2022

Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth.

Key Points:

Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth.
Furthermore, a significant increase in digitalization and e-commerce platforms across the globe is boosting the growth of the contactless payment market.
The COVID-19 outbreak played a vital role in driving the growth of the contactless payment market during the forecast period.
Grand View Research has segmented the global contactless payment market based on the type, application, and region

NFC Forum Unveils First NFC Wearable Device Class

Retrieved on:

Thursday, September 1, 2022

The NFC Forum unveiled today a new NFC Device Class which provides device manufacturers and OEMs a miniature, low-cost, sustainable solution for wireless wearable devices.

Key Points:

The NFC Forum unveiled today a new NFC Device Class which provides device manufacturers and OEMs a miniature, low-cost, sustainable solution for wireless wearable devices.
Products created in this device class can be certified by the NFC Forum to ensure interoperability with other NFC-enabled products within the NFC eco-system.
The CE Device is a subset of the NFC mobile device class, optimized for the most common wearable use cases.
The NFC Forum Certification Program aims to improve the user experience and ensure seamless interoperability among NFC products, like wearable devices.

Comviva receives Mastercard Cloud Based Payments Certification

Retrieved on:

Tuesday, August 2, 2022

NEW DELHI, Aug. 2, 2022 /PRNewswire/ -- Comviva , the global leader in digital financial solutions, has been certified by Mastercard as a Token Requestor-Token Service Provider (TR-TSP) for Mastercard Cloud Based Payments ( MCBP ) including Digital Secure Remote Payments ( DSRP ).

Key Points:

NEW DELHI, Aug. 2, 2022 /PRNewswire/ -- Comviva , the global leader in digital financial solutions, has been certified by Mastercard as a Token Requestor-Token Service Provider (TR-TSP) for Mastercard Cloud Based Payments ( MCBP ) including Digital Secure Remote Payments ( DSRP ).
Comviva has also received EMVCo Software-Based Mobile Payments ( SBMP ) security certification.
Digital card payments like mobile tap and pay at merchant point-of-sale (POS) and in-app payments are growing rapidly, creating a need for better security of transactions.
mobiquity has also been certified for DSRP, a Mastercard technology that enables secure transactions for remote payments made on Mastercard cards.

Comviva receives Mastercard Cloud Based Payments Certification

Retrieved on:

Tuesday, August 2, 2022

NEW DELHI, Aug. 2, 2022 /PRNewswire/ -- Comviva , the global leader in digital financial solutions, has been certified by Mastercard as a Token Requestor-Token Service Provider (TR-TSP) for Mastercard Cloud Based Payments ( MCBP ) including Digital Secure Remote Payments ( DSRP ).

Key Points:

NEW DELHI, Aug. 2, 2022 /PRNewswire/ -- Comviva , the global leader in digital financial solutions, has been certified by Mastercard as a Token Requestor-Token Service Provider (TR-TSP) for Mastercard Cloud Based Payments ( MCBP ) including Digital Secure Remote Payments ( DSRP ).
Comviva has also received EMVCo Software-Based Mobile Payments ( SBMP ) security certification.
Digital card payments like mobile tap and pay at merchant point-of-sale (POS) and in-app payments are growing rapidly, creating a need for better security of transactions.
mobiquity has also been certified for DSRP, a Mastercard technology that enables secure transactions for remote payments made on Mastercard cards.

Global Wearable Payment Device Market (2021 to 2026) - Security Concerns Related to Wearable Payment Devices Presents Opportunities - ResearchAndMarkets.com

Retrieved on:

Tuesday, April 20, 2021

However, the pandemic may have positive impact on the wearable payment device market.

Key Points:

However, the pandemic may have positive impact on the wearable payment device market.
With the going COVID-19 pandemic situation, there is a rise in the adoption of contactless payment methods due to the rise in severe health concerns.
This is anticipated to increases the demand for smart watches with payment functions in the coming years.\nSmart watches held the largest share of the wearable payment market in 2020.
This, in turn, is expected to increase the demand for wearable payment devices in APAC.\nRising Demand for Wearable Electronic Devices, Which, in Turn, Would Propel Growth of Wearable Payment Devices\nIncreasing Adoption of Advanced Technologies, such as NFC, RFID, and Host Card Emulation, in Wearable Payment Devices\n'

Comviva Wins the ETBFSI Excellence Award for mobiquity® Banking Suite

Retrieved on:

Monday, December 28, 2020

Near-field communication, Smart cards, Host card emulation, Tokenization, HCE, Telecommunications engineering, Telecommunications, Mobile payments, Host card emulation plus, Technology

DUBAI, U.A.E., Dec. 28, 2020 /PRNewswire/ -- Comviva , one of the global leaders in Digital Financial Solutions, has won the prestigious ETBFSI Excellence Award 2020 for its mobiquity Banking Suite HCE and Tokenization Solution in the 'Best Payments Solution Provider of the year' category.

Key Points:

DUBAI, U.A.E., Dec. 28, 2020 /PRNewswire/ -- Comviva , one of the global leaders in Digital Financial Solutions, has won the prestigious ETBFSI Excellence Award 2020 for its mobiquity Banking Suite HCE and Tokenization Solution in the 'Best Payments Solution Provider of the year' category.
The award was announced recently at a virtual award ceremony during the ETBFSI CXO Conclave 2020.
The ETBFSI Excellence Award is an initiative of The Economic Times, a leading financial daily in India.
Comviva's mobiquity Banking Suite leverages Host Card Emulation (HCE) technology and Tokenization to deliver swift, secure and convenient contactless mobile payments to consumers.

Comviva Wins the ETBFSI Excellence Award for mobiquity® Banking Suite

Retrieved on:

Monday, December 28, 2020

Near-field communication, Smart cards, Host card emulation, Tokenization, HCE, Telecommunications engineering, Telecommunications, Mobile payments, Host card emulation plus, Technology

DUBAI, U.A.E., Dec. 28, 2020 /PRNewswire/ -- Comviva , one of the global leaders in Digital Financial Solutions, has won the prestigious ETBFSI Excellence Award 2020 for its mobiquity Banking Suite HCE and Tokenization Solution in the 'Best Payments Solution Provider of the year' category.

Key Points:

DUBAI, U.A.E., Dec. 28, 2020 /PRNewswire/ -- Comviva , one of the global leaders in Digital Financial Solutions, has won the prestigious ETBFSI Excellence Award 2020 for its mobiquity Banking Suite HCE and Tokenization Solution in the 'Best Payments Solution Provider of the year' category.
The award was announced recently at a virtual award ceremony during the ETBFSI CXO Conclave 2020.
The ETBFSI Excellence Award is an initiative of The Economic Times, a leading financial daily in India.
Comviva's mobiquity Banking Suite leverages Host Card Emulation (HCE) technology and Tokenization to deliver swift, secure and convenient contactless mobile payments to consumers.