Coral Springs - (http://www.financialnewsmedia.com Coverage) - 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.\"
$NXTD Coverage - Mobile & Online Payments, Smart Wallets & Contactless Payment Systems Could Reach $3.6 Trillion This Year
April 14, 2016 at 08:48 AM EDT