This year, UK mobile commerce will hit £2.27 trillion

UK mobile commerce - British Pounds

By the end of next year, m-commerce in the United Kingdom will have reached £2.73 trillion. By the end of 2021, UK mobile commerce will have reached the £2.27 trillion ($3.16 trillion) and will rise even further to reach £2.73 trillion by the end of next year, says a Kaleido Intelligence report for Payvision. This is occurring as consumers and businesses alike seek contact-free transactions in the pandemic. The report showed that 11 percent of all online shoppers around the globe are currently using mobile wallets at least once per…

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The consumer shopping experience is increasingly dependent on mobile payments

Consumer shopping experience - mobile payment

A new Buyer PaymentsInsights Survey by Mercator Advisory Group examined this trend. Mercator Advisory Group has released the outcomes of its recent Primary Data report, Buyer PaymentsInsights – Payment Behavior: Younger Shoppers Lead a Change, showing that mobile payments has become highly critical to the consumer shopping experience. The report’s conclusions are based on Mercator’s 2020 Buyer PaymentsInsights Survey. This online survey involved the participation of 3,000 adult consumers in the United States. It was conducted before the outbreak of the pandemic in the U.S., in February 2020. It examined…

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Will Apple Pay QR codes become an option for iPhone users?

Apple Pay QR codes - Person using Apple Pay

The tech giant is reportedly researching ways to integrate the barcodes into future mobile payments. Apple Pay QR codes don’t currently exist, as iPhone users must employ near field communication (NFC) technology to complete a mobile payment transaction. However, growing information suggests that the iPhone maker is looking into secure barcode scans. A growing body of evidence suggests that the company is looking into ways to make Apple Pay QR codes secure to scan to complete transactions. While using NFC based tap or contactless transactions at a retailer’s payment terminal…

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Apple Pay swipes Starbucks’ long-held mobile payments crown

Apple Pay - Woman holding mobile phone with Starbucks case

The coffee chain has been the benchmark for m-payments success but no longer has the most users. For the first time, a general purpose mobile payments app has become more popular than Starbucks’ own as Apple Pay climbs to the top spot. The Seattle-based coffee company has been the gold standard for mobile payments success. New eMarketer Inc. data showed that Apple Pay now has more users than the Starbucks mobile payments service. Never before has a general purpose payment app been more popular than that of the coffee retailer.…

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JCPenney Apple Pay option removed from stores without warning

JCPenney Apple Pay - JCPenney Store

The American retail chain has surprised customers by dropping the popular mobile payment method. JCPenney Apple Pay support has been dropped this month, surprising many of its customers who use the payment method. What makes the removal of support for this mobile wallet so surprising is that the company didn’t give its customers any warning that it would no longer be a payment option. JCPenney first rolled out Apple Pay as payment option to all its stores in 2016. Following JCPenney Apple Pay testing, which occurred in select stores in…

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