Mobile & Online Payments, Smart Wallets & Contactless Payment Systems Could Reach $3.6 Trillion This Year
Apr 14, 2016, 08:30 ET
CORAL SPRINGS, Florida, April 14, 2016 /PRNewswire/ --
Mobile payments are proving to be a success, with new forecasts predicting annual transactions from online, mobile and contactless payments to reach $3.6 trillion this year. According to a new study from Juniper Research, the 20% increase is up from $3 trillion in 2015. Tech companies with current developments and news in the mobile payment space of importance in the markets are NXT-ID, Inc. (NASDAQ: NXTD), PayPal Holdings, Inc. (NASDAQ:PYPL), Square, Inc. (NYSE:SQ), Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOG)
NXT-ID, Inc. (NASDAQ: NXTD) Developments: SoundView Technology Group Issues NXT-ID Update; A Focused B2B2C Technology Play in Security - Highlights include NXT-ID has brought the elements of their strategy together to provide technology to larger organizations needing strong solutions in security, privacy, authentication and payments. Although the company has taken flack for not conquering the world with their Wocket digital wallet last year, these large deals and the strategy would not have been possible without the pioneering work that went into shipping a working if not perfect product.
Given the large and expanding market opportunity, existing alliances, additional agreements pending, a strong management team and the potential for M&A, the stock at $0.50 looks very attractive. We expect management will execute and later this year reach a "market value" for the company of $2.50 to $3.50/share.
Read the full NXTD SoundView Technology Report at http://www.financialnewsmedia.com/profiles/nxtd.html
Investors in NXT-ID should consider the following:
1.Security, privacy and convenience remain huge concerns for consumers and the companies serving them. Despite massive investments, progress has been lacking. New technologies like EMV and digital payments are promising but will take years if not decades to become universal.
2.The Wocket has proved the value of the digital wallet concept and led them to a landmark deal with WorldVentures to deliver a next-generation card in volume that will solidify NXT-ID technology as the key to providing a smart, secure, private and convenient consumer "card."
3.As NXT-ID ramps revenue this year by delivering against the $15M WorldVentures purchase order they will finally be demonstrating robust revenue growth. Most importantly, it marks a shift from a "development stage" company to commercial success.
4.Up next are more alliances and deals that will extend the footprint of NXT-ID technology further into payments and also more broadly into consumer-focused products in the "internet of things" or IoT technology market. We've seen a huge increase in activity and investment from large companies and startups to leverage IoT into new markets in healthcare, smart homes, smart cars, etc. The upgraded card technology delivered this year is a strong platform for these types of applications.
5.NXT-ID is building a solid commercial technology franchise with what will become a range of partners. According to re/code, Samsung paid $250M for LoopPay and PayPal paid $280M for Paydiant. Both are comparable transactions for what might eventually occur at NXT-ID. The current market value of NXTD stock is about $30M based on the 61.5 shares outstanding post their most recent offering.
6.Management expects to file their 10-K within the allowed extension time and is just working through some of their transactional complexity with KPMG.
In a recent article on the Fool.com, many tech companies have expanded into the mobile payments market, with the goal of replacing physical credit cards with smartphone apps. PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) were early movers in the market, but tech giants Apple (NASDAQ:AAPL), Samsung, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL)'s Google, and others have since followed their lead. With all these players aiming at the same market, it can be hard for investors to isolate the key facts and figures from all the market noise. Read the full article '5 Things Investors Should Know About Mobile Payments' on The Motley Fool that illustrates five key facts investors should know about the rapidly growing mobile payments market. http://www.fool.com/investing/general/2016/04/01/5-things-investors-should-know-about-mobile-paymen.aspx
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by NXT-ID, Inc. by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Company: FN Media Group, LLC
Contact email: [email protected]
U.S. Phone: +1-(954)-345-0611
SOURCE FN Media Group, LLC
Share this article