Intelling is pleased to announce that it has published a new Smart Insights White Paper covering the UAE (United Arab Emirates) secure transactions market. The White Paper covers all segments of the secure transactions industry in UAE, and provides information about many applications.
A new report by Timetric finds that e-commerce and mobile payments act as a catalyst for the Malaysian cards and payments industry. According to the report, the value of e-commerce in Malaysia grew from MYR 1.6 billion (US$ 454 million) in 2009 to MYR 3.3 billion (US$ 1.1 billion) in 2013, at a CAGR of 20 per cent. Timetric expects the value of e-commerce to further increase, reaching MYR 7.95 billion (US$ 2.5 billion) in 2018. This trend is driven by a number of factors, such as rising mobile and internet penetration. The average Malaysian owned 1.1 mobile phones in 2009. This number increased to 1.6 in 2014, and is expected to rise to 1.8 in 2018.
In a newly published study, International Data Corporation (IDC) forecasts that the Big Data technology and services market will grow at a 26.4% compound annual growth rate (CAGR) to $41.5 billion through 2018, or about six times the growth rate of the overall information technology market. Although IDC believes that Big Data will continue to represent a fast-growing multibillion-dollar worldwide opportunity for the next five years, overall growth of the individual segments that make up this market are starting to show signs of a slowdown.
Intelling is publishing a new Smart Insights Report “mPOS expansion shakes the Point of Sales industry,” that analyzes in detail the dynamics and the specificities of the mPOS business. Mobile POS are a relatively recent addition in the payment ecosystem. After targeting only micro-merchants, mPOS developers are now expanding their offer to target all types of merchants, thus becoming a threat to the traditional POS vendors.
Smart Payment Association releases its annual review of the smart payment card market. Brief findings:
- 450 million contactless cards delivered by Smart Payment Association (SPA) members in 2013 – twice the quantity that was shipped in 2012
- 37% of all payment cards shipped to issuers worldwide in 2013 featured contactless technology
- Contactless growth in all regions: Asia Pacific + 193%, Europe +64%, Americas +45%
- Now present in over 30 countries, contactless payment infrastructure paving the way for contactless mobile payments and bringing NFC to the mass market
- Contactless brings convenience and speed, and multi-application possibility: payment, transit, access control etc.
Official figures released by global technical body EMVCo demonstrate continued adoption of EMV® chip technology: with 2.37 billion EMV payment cards in circulation and 36.9 million EMV terminals active worldwide.
EMVCo – which is today owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa – facilitates worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes. Adoption of EMV Specifications and associated approval and certification processes promotes a unified international payments framework, which supports an advancing range of payment methods, technologies and acceptance environments.
At its annual General Assembly in Brussels, Eurosmart, the Voice of the Smart Security Industry, released the 2013 figures as well as the 2014 forecast for the worldwide smart secure devices shipments and the smart secure contactless markets.
“Our figures and market evaluations provide solid information, as Eurosmart consolidates the data provided by its member companies which comprise all major players in the industry”, said Oyvind Rastad, Eurosmart’s reelected chairman. “While we had a slight drop in the SIM card market in 2013, mostly due to regulations in Asia requiring stricter proof of identity, the SIM card market is back to growth, with a forecast of 5.1 billion units to be shipped. The deployment of the mobile ultra-broadband internet access and the continued migration to LTE and 4G networks worldwide will attract new broadband services and strengthen the use of multiple connected devices, including smart phones and tablets, to be equipped with a secure high-end SIM card. With the shipments of more than 250 million NFC Secure Elements in 2013, NFC shows strong growth which is expected to continue in 2014.”
The SIMalliance membership, which represents approximately 86% of the global SIM market, has reported SIM shipment volumes totalling 4.2 billion units for 2013, compared to 4.6 billion in 2012. The estimated total available market in 2013 was 4.85 billion units, compared to 5.1 billion in 2012.
The 5% reduction in the estimated total available market results from a decline in low-end SIM shipments across Asia – particularly in India – following the introduction of regulation which requires prepaid SIM customers to be formally identified and registered. While the regulation had a notable impact on the market in 2013, the region has adapted swiftly to the new requirements and recovery was evident even in the most affected countries towards the end of the year. The outlook is therefore that the market will return to normal and further growth is anticipated.