Global NFC Transaction Market to Grow at a CAGR of 55.23% During Forecast 2016-2020
NFC technology is a short-range (around10 centimeters) connection that adheres to technology standards and uses high-frequency wireless communication technology to exchange data between devices. It has revolutionized the ways in which people access and use information. NFC-enabled devices are used for applications such as mobile payment, ID authentication, transportation, and loyalty programs.
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