Some 81% of mobile industry experts say that NFC payments will not become widespread for at least another two to five years, according to a new survey conducted by Sybase 365 at the 2012 Mobile World Congress.
The survey also found that only 10% believe NFC will go mainstream within the next year, with many citing security concerns over the wireless exchange of personal and financial information as the main force preventing widespread consumer acceptance.
A further 38% of respondents said that coordination among key mobile commerce stakeholders and the development of mobile payment standards are critical to the mass adoption of mobile payments.
According to 26% of the survey respondents, mobile operators will be important catalysts driving global widespread adoption of mobile payments, while 24% believe that banks will be a leading driver, and another 19% believe that companies like Amazon, PayPal or Groupon will encourage great adoption.
“Material advances for mobile payments will only come about when banks, operators and retailers can converge on a business model, and with it true industry interoperability, leading to a widely embraced mobile payments system,” concluded Sybase 365 president John Sims.