Contactless payments to reach $870 million by 2011

December 14, 2006

ePaynews: Spending on contactless payments hardware and software will reach $870 million by 2011, up from just $260 million in 2006, according to ABI Research. During the five-year period, contactless payments technology spending will increase by a compound annual growth rate of 27 percent, the consultancy says in its RFID Contactless Payments study.