mobile payment statistics Archives

Mobile payments success or failure is based on security

09/14/201209/14/2012 Jennifer Goula

The measures taken in this light will define whether or not the industry thrives. The mobile payments marketplace is becoming a crowded place in terms of companies that are – or will be – offering the services, but studies are showing that the only way that consumers will get on board with this new use for smartphone technology is if the security will be shown to be adequate. One survey after the next is showing that the primary hesitation from consumers is over security concerns. Predictions in early 2011 had…

Mobile payments are taking off among local merchants and consumers alike

08/17/201208/16/2012 Jesse Collins

The convenience and ease has great appeal for commercial transactions. A growing number of businesses and consumers alike are beginning to use applications on their smartphones and tablets in order to use mobile payments to complete purchase transactions. Simple to install device readers are popping up at the checkout counters of local merchants nationwide. By using mobile payments, innovators are discovering new ways to help to minimize the mess that has become of the checkout process among all of the various options that are taking an increasing amount of time…

eBay believes 2012 will bring significant growth in mobile shopping

01/16/2012 Julie Campbell

eBay has announced its predictions for 2012, which include $7 billion in total mobile payment volume, as well as $8 billion in gross mobile merchandise volume. These figures were drawn from a speech at the Las Vegas CES conference made by John Donahoe, the CEO at eBay. They have risen notably from those that were announced last year, and they indicate the upward direction of m-commerce for the largest online marketplace in the world. At the same time, the company also revealed that PayPal had far exceeded the predictions that…

Mobile payment isn’t being adopted as quickly as originally anticipated

01/02/2012 John Montgallo

Though many major international companies such as Google, banks, payment processors, and retailers such as Toys R Us and Gap, are working together to offer customers the ability to use their mobile devices to pay for their purchases, a recent KPMG study is showing that it will still be another few years before the payment method truly goes mainstream. In fact, the study’s results indicate that only 23 percent of consumers are currently willing to use their smartphones to complete a payment transaction instead of cash, credit, or debit. Within…

Mobile users can now pay for groceries with their devices

12/27/201112/27/2011 Julie Campbell

Customers who want to use their smartphones to make mobile payments for their food purchases will soon be making grocery store checkout lines a faster experience. The efficiency of mobile payments will help cashiers to checkout larger numbers of customers in a smaller amount of time. The only catch is that customers will need to have smartphones or other mobile devices that are enabled with near field communication (NFC) or other compatible technology. Fortunately, these devices are widely available and their use is becoming increasingly popular. Grocery stores are offering…