27 March 2015

Mobile operators agree global standard for NFC on the SIM

16 November 2011  |  9710 views  |  0 D600 mobile

Forty-five of the world's leading mobile operators have committed to support and implement SIM-based Near Field Communications (NFC) services using an interoperable set of standards devised by the GSMA.

The GSMA says the handset and SIM specifications will enable the development and global deployment of "secure, interoperable and ubiquitous" SIM-based mobile NFC services.

Importantly, the initiative has won the support of China Mobile and China Unicom, which account for nearly 800 million connections throughout China. Additionally, Isis, the organisation formed by AT&T Mobility, T-Mobile USA and Verizon Wireless to build a nationwide mobile commerce network in the United States, is also backing SIM-based NFC.

Franco Bernabè, chairman of the GSMA, and CEO and chairman of Telecom Italia comments: "NFC is an important innovation for consumers around the world, and while it is perhaps best known for enabling secure mobile payments, it will also enable a wide range of innovative and exciting new services and applications, such as mobile ticketing, entertainment services, secure access to hotels or cars, loyalty schemes and couponing, among others."

The market potential for SIM-based NFC is significant, according to forecasts from industry research firm Strategy Analytics. Nearly 1.5 billion SIM-based handsets will have been sold worldwide between 2010 and 2016, supporting transactions of more than $50 billion globally over the same period. Further, ABI Research indicates that 85% of all new point of sale terminals shipped in 2016 will be NFC-enabled.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 November, 2011
26 October, 2011
12 October, 2011
05 October, 2011
27 September, 2011
23 September, 2011
18 August, 2011
15 August, 2011
22 July, 2011
20 July, 2011
27 June, 2011
24 June, 2011
21 June, 2011
26 May, 2011
19 April, 2011
24 February, 2011
21 October, 2010
22 February, 2010
29 January, 2010
17 February, 2009
19 November, 2008

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
8860 views comments | 50 tweets | 28 linkedin
Six undertakes hackathon talent challenge...
4424 views comments | 9 tweets | 5 linkedin
Google preps Gmail bill payment feature
4072 views comments | 11 tweets | 12 linkedin
Credit Suisse paper offers qualified bitco...
3882 views comments | 4 tweets | 9 linkedin
Barclays and PayPal join Government ID acc...
3698 views comments | 10 tweets | 9 linkedin

Featured job

To £130K + Bonuses
London based with substantial travel in the Region

Find your next job