Contactless payments are being promoted by payment providers without necessarily being demanded by consumers. Aimed at displacing cash, which is generally disliked by merchants and financial institutions due to the costs of handling it (including security), contactless payments face strong competition from increasingly popular Chip and PIN debit card payments.

1. Innovation in Payment Systems - The Emergence of Contactless Cards and Payments
Synopsis
The report provides market analysis, information and insights into contactless card payments including:
Current and forecast analysis of the contactless cards market, including previous and future market growth
Comprehensive analysis of the industry’s market attractiveness and future growth areas Analysis of
various market drivers and regulations governing the global contactless payments industry Detailed analysis of
the marketing strategies adopted by key players globally in order to increase the volume of contactless
payments Comprehensive analysis of contactless payments through cards and mobile handsets Key challenges
facing the contactless payments market in various regions of the world and profiles of key players in the
industry Summary
Contactless payments are being promoted by payment providers without necessarily being demanded by
consumers. Aimed at displacing cash, which is generally disliked by merchants and financial institutions due
to the costs of handling it (including security), contactless payments face strong competition from increasingly
popular Chip and PIN debit card payments.
Although contactless cards are the short-term future for low-value payments, they will over time converge
with mobile handsets. Innovators such as Google and Apple have already launched NFC-enabled devices, and
other mobile handset manufacturers will follow when acceptance of contactless mobile payments broadens.
Many of the trials underway in various countries have been instigated by Visa and MasterCard.
Mainly located in large conurbations, Visa payWave and MasterCard PayPass adhere to international
standards, and both schemes are open loop, meaning that cards can be used in a wide range of retail outlets,
and not just for payment for public transport or where proprietary readers are installed. Much of the trial
activity is taking place in Europe, seen as the next region for growth in contactless payments. UK card
providers have been the most proactive in the region in terms of card issuance, with over 19.6 million
contactless cards in circulation at the start of 2012.
Scope This report provides a comprehensive analysis of the contactless payments industry across the world
It provides current values and forecast analysis of contactless payments market size for 2012 and 2017 It
details the different infrastructural, consumer and business drivers affecting the contactless payments market
globally It outlines the current regulatory framework in the industry It details the marketing strategies used by
various key players, including banks and card issuers across the world It provides case studies of contactless
payments systems in various countries Reasons To Buy Make strategic business decisions using historic and
forecast market data related to the contactless payments market Understand the key market trends and growth
opportunities within the ontactless payment market in various regions of the world Assess the competitive
dynamics in the global contactless payments market Gain insights into the marketing strategies adopted by key
players globally in order to increase the volume of contactless payments Gain insights into key regulations
governing the contactless payments market all over the world Key Highlights Proclaimed as the
‘next big thing’ in the payments industry, there was a lot of media attention directed to the
growth of contactless payments during the review period. From 2008 to 2012, the volume of contactless cards
increased significantly from 220.0 million in 2008 to 610 million in 2012. Lack of merchant interest in
adoption of contactless terminals raises significant concerns with regards to the growth of contactless mobile
payments. Predicted to be the wallets of the future, the reality is that the global payments industry is at least
Innovation in Payment Systems - The Emergence of Contactless Cards and Payments

2. three years away from the mass adoption of the mobile wallet. Even if contactless payments are rolled out
nationwide in each of the countries where trials are taking place, they are unlikely to become a substitute for
low-value cash payments for at least the next five years until consumers are comfortable with the security of
payments and with using the technology. During the review period, the number of contactless cards in the US
increased from 58.6 million in 2008 to 140.0 million in 2012 at a CAGR of 24.31%. The number of
contactless cards in Canada registered a review-period CAGR of 63.87%, growing from 1.5 million cards in
2008 to 10.5 million in 2012.
table Of Content
1 Executive Summary
2 The Global Future Of Contactless Cards And Payments
3 Global Snapshot Of Contactless Payments
3.1 Emergence Of Contactless Payment
3.1.1 Product Launches
3.1.2 Trials And Pilots
3.2 Global Market Size And Outlook
3.2.1 Benchmarking Contactless Market Opportunity
3.2.2 Market Opportunity
3.3 The Technical Side Of Contactless Payments
3.3.1 Emergence Of Contactless Stickers For Mobiles That Lacks Nfc Technology
3.3.2 Contactless Payments – Such As Closed Loop, Transport Schemes
3.3.3 Worldwide Contactless Card Schemes
4 Analysis By Region – The Americas
4.1 Introduction
4.2 Market Size And Analysis Of Contactless Payments
4.2.1 Overview
4.2.2 Market Size By Card Type
4.3 Key Trends And Drivers
4.3.1 Infrastructure Drivers
4.3.2 Business Drivers
4.3.3 Consumer Preference
4.4 Regulatory Framework
4.4.1 Regulations On Debit Card Interchange Fees And The Durbin Amendment In The Us
4.4.2 Involvement Of Nfc Mobile Payment In Code Of Conduct Rule For Canadian Payment Card
4.4.3 Anti-money Laundering Legislation In Brazil Cards And Payments Industry
Innovation in Payment Systems - The Emergence of Contactless Cards and Payments

3. 4.4.4 The Sbif Requires The Following Standards With Respect To Issuance Of Debit Cards In Chile
4.5 Case Studies
4.6 Challenges
5 Analysis By Region – Europe
5.1 Introduction
5.2 Market Size And Analysis Of Contactless Payments
5.2.1 Overview
5.2.2 Market Size By Card Type
5.3 Key Trends And Drivers
5.3.1 Infrastructure Drivers
5.3.2 Business Drivers
5.3.3 Consumer Preference
5.4 Regulatory Framework
5.4.1 Mobile Contactless Sepa Card Payments Interoperability Implementation Guidelines (mcp Iigs)
5.4.2 Uk Card Association Increases The Contactless Limit On Debit And Credit Cards Goes Up To Gbp20
5.4.3 Prepaid Cards Regulation In The Uk Restricts The Entry Of New Players
5.4.4 Stringent Card Issuing Regulation In Turkey Presents Challenge For Card Issuers In Turkey
5.4.5 Central Bank Initiative To Reduce Interchange Fee Will Positively Impact Card Use In Poland
5.5 Case Studies
5.6 Challenges
6 Analysis By Region – Asia-pacific
6.1 Introduction
6.2 Market Size And Analysis Of Contactless Payments
6.2.1 Overview
6.2.2 Market Size By Card Type
6.3 Key Trends And Drivers
6.3.1 Infrastructure Drivers
6.3.2 Business Drivers
6.3.3 Consumer Preference
6.4 Regulatory Framework
6.4.1 Government Support Has Been Important In Other Regions
6.4.2 The Regulations On Japanese Payment Services Act (psa)
6.4.3 Regulations Of Prepaid Payment Instruments Including Contactless Cards
6.4.4 Revised Eligibility Requirements For Credit Card Issuance In Malaysia
6.5 Case Studies
6.6 Challenges
7 Appendix
Innovation in Payment Systems - The Emergence of Contactless Cards and Payments

4. 7.1 Methodology
7.2 Definition
7.3 Background
7.4 Contact Us
7.5 About Timetric
7.6 Disclaimer
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Innovation in Payment Systems - The Emergence of Contactless Cards and Payments