Juniper: NFC Payments To Reach $50 Billion Worldwide By 2014

We know Google has made a big bet on near field communications (NFC) as a payments system with the launch of Google Wallet , but does the technology have the potential to be the future of how money is transacted? Juniper Research seems to think so. The company is releasing a new report that forecasts that global NFC mobile contactless payment transactions will reach nearly $50 billion worldwide by 2014. Juniper says that NFC is steadily gaining traction, and because of the latest rollout of the technology both in the U.S. and outside the U.S., 2011 and 2012 are expected to be "banner years for NFC service rollouts."