mobile payment statistics 2011 Archives

Holiday shopping season already 500 percent better than last year for mobile payments

11/28/2011 Jennifer Goula

mobile technology wallet Holiday Shopping

As had been predicted, Thanksgiving was an extremely profitable day for retailers online, with reports from IBM showing that sales this year were 39 percent higher than they were on the same holiday in 2010, with a sharp increase in shopping using a mobile device. IBM wasn’t alone in these reports. PayPal and eBay have also reported comparable trends. For example, PayPal Mobile has reported that Thanksgiving 2011 saw an increase of 511 percent worldwide in mobile payments over last year on Thanksgiving. The most common time for American consumers…

Report shows mobile payments open consumers to fraud risk

07/01/2011 Jennifer Goula

According to study results from Gartner research company, Neural Technologies, and others, mobile payments will expose consumers to a significant risk of fraud. That said, mobile payment remains among the most rapidly growing and exciting new technological developments, and it is expected to take off in the very near future. In fact, according to the predictions of Gartner, by 2014, the worldwide value of mobile payment services will be $245 billion. However, along with the growth of the use of the service, the risk of fraud will also rise. It…