United Kingdom

Details

  • Industry: Technology
  • Date: 13/09/2012

Apple iPhone 5 launch: Lack of NFC chip to enable mobile payments biggest surprise, says KPMG 

Tudor Aw, KPMG’s European Head of Technology, comments on the launch of the Apple iPhone 5:

 

“The iPhone 5 has continued Apple's recent trend of iterative developments of the phone rather than introducing revolutionary new features.  Most of the evolutionary new features such as faster speeds, better camera, bigger screen and new docking cable were widely anticipated and will be welcomed by customers. But it is the lack of a NFC chip to enable mobile payments that is perhaps the biggest surprise and disappointment.”

 

“Mobile payments have long been touted as the 'next big thing' but to date, has simply not happened in any significant way.  It had been hoped that Apple would turn its famous ability to deliver new technology through great user experience to kick-start the widespread adoption of mobile payments by consumers. The interesting question is whether this omission will mean further delay in mobile payments taking off or if it presents an opportunity for its competitors to take a lead in this field." 

 

Ends

 

For further information please contact:

 

Katrin Boettger, KPMG Corporate Communications
Tel: 0207 896 4232
Mobile: 07824 475 168
Email: katrin.boettger@kpmg.co.uk

 

Follow KPMG on Twitter @kpmguk

KPMG Press Office: 020 7694 8773

 

About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.