However, Gartner has reduced it estimates of the value of Near Field Communications-enabled transactions by more than 40% throughout the forecast period (2013-2017) "due to disappointing adoption of NFC technology in all markets in 2012 and the fact that some high-profile services, such as Google Wallet and Isis, are struggling to gain traction." Gartner forecasts that NFC will account for only about 2% of total mobile payment transaction value in 2013.
Money transfers and merchandise purchases will account for about 71% and 21% of total transaction value in 2013, respectively, according to Gartner. source: Gartner statement
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