Contactless payments to account for 1 in 3 in-store transaction by 2020, report

contactless payments - debit machine

Payment cards and mobile wallets will reach $2 trillion in two years. Worldwide, in-store contactless payments transactions will exceed $1 trillion for the first time this year. This is according to recent data published by Juniper Research. The leading fintech analysts also estimate that, globally, in-store contactless monetary transactions will hit $2 trillion by 2020 and will represent 15 percent of the total point-of-sale transactions. Both card payments and mobile wallets are expected to drive the growing use of these payments. Even though both of these contactless payments will be…

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Facial ID proves unpopular among consumers as a mobile payment security verification

iphone facial ID selfie

A new Juniper Research study revealed that over 40 percent of iOS users don’t want to use this security tech. More than one in three iOS device users in the United States do not intend to use facial ID technology as a part of their mobile payment security. This, according to Juniper Research survey findings. The findings suggest that Apple’s own customers may not feel comfortable with the new facial recognition tech. Facial ID tech is among the latest Apple releases. However, its own customers seem to find voice recognition…

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Augmented reality apps get a shot in the arm from wearables

augmented reality technology Mobile commerce

According to findings from Juniper Research, AR applications will gain from enterprise head-mounted devices. Juniper Research has now released some of its newest findings, which have revealed that augmented reality apps stand to experience a significant boost once enterprise head-mounted devices begin to truly take off. The findings predicted that by 2019, these AR applications will have generated $2.4 billion in annual revenues. That type of income for augmented reality apps represents a considerable growth from the current trends. Last year, the earnings for those applications were estimated to have…

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Alibaba shows off new technology for mobile payments

mobile commerce payments smartphone shopping

Alibaba announces the Smile to Pay service, using facial recognition technology Alibaba has been showcasing some new technologies recently, including facial recognition technology that could change the way people pay for things. The company has announced a new service, called Smile to Pay, which is currently in a beta testing phase. Alibaba CEO Jack Ma showed off the new service during a recent event, which highlighted the way the service could be used to authorize mobile payments. The service could help add more security to the mobile commerce space, if…

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Mobile commerce, marketing, and ticketing are set to grow through 2019

mobile commerce qr code Movie ticketing

Mobile technology has become very prominent in society as a whole Mobile devices have come to establish a prominent position in society as a whole. Many people are beginning to replace traditional entertainment platforms, such as televisions, with their smartphones and tablets, and these people are also using these devices to shop online and pay for goods and services. The growing importance of mobile technology among consumers has encouraged businesses to become more mobile-centric as well, especially when it comes to matters of commerce. Mobile commerce transactions expected to reach…

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Mobile commerce grows despite security concerns

mobile commerce security

New report shows the growth of the mobile sector Juniper Research has released a new report concerning the growth of the mobile commerce sector. The report takes note of several trends that have emerged in the mobile market and provides insight into how these trends have affected the perception of mobile shopping among consumers. Notably, the report shows that security is one of the most problematic issues that consumers have with mobile commerce. Despite security concerns, however, people are still shopping and making payments with their mobile devices more than…

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Mobile commerce user base is growing quickly

mobile commerce shopping

New report predicts that mobile consumers participating in mobile commerce will exceed 2 billion by 2017 A new report from Juniper Research estimates that there will be more than 2 billion mobile consumers that participate in mobile commerce of some kind by the end of 2017. This is an increase over the estimated 1.6 billion people that participate in the mobile commerce space currently. More people are gaining access to mobile devices and are relying on these devices in their daily lives. As such, they are gravitating toward mobile shopping…

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Google Glass has been adopted by staff members of the Edinburgh Airport

Mobile technology google glass

As wearable technology rapidly becomes more popular, these types of devices are turning up in all new places. It has become quite commonplace for passengers travelling through the Edinburgh Airport – or virtually any other airport, for that matter – to see staff members from customer service to security equipped with walkie talkies and cell phones, but Google Glass has now become the next step in technology that is being carried around, or worn, by these employees. It won’t be long before staffers will be wearing these augmented reality glasses…

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Report predicts future growth for mobile commerce

Mobile commerce holiday shopping

UK mobile commerce is on the rise Juniper Research, a leading market research firm, has released a new report concerning mobile commerce and its continued growth in the United Kingdom. Mobile commerce has already shown impressive growth over the past few years, but its future may be more promising. More consumers throughout the United Kingdom are beginning to rely on their smartphones and tablets for more than just communication and mobile shopping is becoming much more important to consumers. Mobile payments expected to reach $707 billion by 2018 The report…

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Mobile augmented reality may have a bright future

augmented reality future

Augmented reality could play a major role in the lives of consumers in the future Augmented reality is beginning to gain strong momentum throughout the world. The technology is often considered a novelty by many because of its uses in marketing and entertainment. Indeed, there are currently few practical uses for augmented reality, but that is likely to change in the near future, especially as mobile technology continues to grow more advanced. Juniper Research, a leading market research firm, has released a new report shedding light on the growth of…

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Mobile banking will break the 1 billion user mark in 4 years

Mobile Banking

By the year 2017, studies are showing that the use of these services will have skyrocketed. The latest mobile banking study data from Juniper Research has indicated that an increasing acceptance of this type of smartphone and tablet based service has caused users to bring the number of users up to nearly 200 million. It is expected that the growing use of tablets will play an important role of the industry’s adoption. In fact, while mobile banking over tablets represents 9 percent of the total number of customers at the…

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