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An article relating to this blog post on Finextra:

Contactless transit uptake paves way for mass-market NFC mobile payments - Smart Card Alliance

Growth and excitement continue to surround the contactless financial and transit payment markets, industry leaders confirmed at the Smart Card Alliance's first annual Payments Councils Summit held rec...

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Is a smart card investment really smart?

A current total of 35 million smart card users equates to 1% of mobile phone users. Even if smart card issuance rises to the Smart Card Alliances predicted 60 million in 2008 the market falls far short of the predicted increase of 900 million mobile phone subscribers.

The odds are that with 4 billion mobile users in 2009 and maybe 100 million smart card users you won't need an investment expert to see the risk in a smart card investment.

Mobiles can do more things in more places than smart cards. The big money is going toward mobile infrastructure, not smart card infrastructure. It's really hard to see it gaining traction.

Simply ask yourself the question - which would you rather carry if you were only carrying one device?


Comments: (1)

A Finextra member
A Finextra member 07 April, 2008, 18:22Be the first to give this comment the thumbs up 0 likes

 I see things are improving for 'smart card/token' already - they are actually giving them away now April 2, 2008.

Now through Sept. 30, the VeriSign Identity Protection (VIP) Network, VIP Quick Start Program will provide up to 5,000 free credentials to new organizations that join the VIP Network. 

"VIP Quick Start Program Paves Way for Faster Industry Adoption of Consumer Two-Factor Authentication".

{by giving them away} Where's my broker?

Must be a good business model - where's the catch?

Now hiring