December 15th, 2015

Mobile & Online Payments, Smart Wallets & Contactless Payment Systems Could Reach $3.6 Trillion This Year

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

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, 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. is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at  Follow us on Facebook: and Twitter: 

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