Alex Green, Sr Research Director, Financial & ID Technology Group, IMS Research

Approaching 400 million smart cards used in transportation, but is NFC the threat on the horizon?

The volume of smart cards sold for use on mass transit systems is estimated to have approached 400 million in 2011; and announcements such as those last week from the UK government to extend the Oyster card nationwide, are aiding in cementing transportation as the 4th largest smart card application, behind SIMs, payments and government ID.