Near Field Communication (NFC) on smartphones will be the dominant system for mobile phone payments by 2015, according to Frost & Sullivan.
The analyst firm's NFC: When Will Be the Real Start? report predicts that NFC payment systems will be built into 53 per cent of global smartphones by 2015.
Frost & Sullivan suggested that traditional areas of conflict between mobile operators and banks have been broken down, and that the two industries are planning a co-ordinated push into NFC.
"Different secure elements for NFC methods have allowed different technology players in industries such as telecoms and electronic device manufacture to establish their own payment infrastructure," said Frost & Sullivan global programme director Jean-Noël Georges.
"This lack of harmonisation has been an obvious restraint for the NFC industry."
Mobile payments using NFC will reach €111bn by 2015, Georges predicted, with the EU making up over a third of that total.
Frost & Sullivan predicts a five-year compound annual growth rate for NFC systems of 118 per cent between 2010 and 2015.
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