American mobile payments infrastructure half a decade behind India’s

mobile payments infrastructure adoption trends

Ezetap CEO, Bobby Bose, recently stated that the Indian systems are “five years ahead of the U.S.” The American mobile payments infrastructure is far from a global leading marketplace, according to recent Ezetap CEO statements. The head of the Indian mobile payment firm, Bobby Bose, said that his home country’s infrastructure “is probably five years ahead of the U.S.” India is undergoing a massive shift toward the digital marketplace and most consumers are choosing mobile. “India is going through a digitalization of almost everything. It started with commerce, went to…

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Americans more confident in mobile payment security than global average

visa mobile payment security iphone

Ninety-four percent of people in the U.S. are comfortable with wallet app security levels. Consumers are placing a growing level of trust in mobile payment security and smartphone based shopping, particularly in the United States. In fact, many consumers expressed greater confidence in their devices than the security of stores themselves. Interestingly, while the United States has not seen rapid adoption rates for mobile wallets, it doesn’t seem to be a lack of trust presenting the greatest barrier. This goes against many of the main predictions about the use of…

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Peer to peer mobile payments starting to make US smartphone transactions relevant

young women teens peer to peer mobile payments

Though the majority of consumers have yet to start paying for products with devices, they are showing interest. Recent figures show that peer to peer mobile payments are starting to give smartphone transactions a boost in the US. That category of mobile wallet use is seeing the most rapid growth by far. In store mobile payments to purchase goods and services are still seeing notably slower growth. Peer to peer mobile payments has remained the category of transactions consumers in the US are most likely to use on their devices.…

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Mainstream adoption is eluding mobile payments

mobile payments credit card

Mobile commerce continues to be on the cusp of going mainstream Mobile payments have been on the verge of becoming mainstream for years now. The idea is attractive to people that have become very reliant on smartphones and tablets, but it has yet to take hold with most people. The idea of shopping from a mobile device is very similar to the concept behind e-commerce. Shopping online is, perhaps, one of the most significant trends to emerge in the retail and business sectors in the past decade. In general, however,…

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Mobile payments may find strong growth in the US

Mobile Payments market trends

The US may become a prominent mobile commerce market in the near future Mobile payments may be set to see explosive growth in the U.S., according to analysis from BI Intelligence. The firm has estimated that global mobile commerce spending in 2013 reached $223 billion, approximately 4% of the total credit and debit transactions made in that year. The U.S. has been lagging behind the Asian-Pacific and African markets, however, U.S. consumers have been growing more interested in mobile commerce over the past year. Mobile transactions continue to find strong…

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