mobile payment survey Archives

Mobile payments are replacing cash and cards for younger consumers

06/16/202206/15/2022 L. Green

Mobile payments - Person paying with mobile phone

A growing number of young people are turning to their phones to complete transactions. Young people are increasingly turning to mobile payments to make their purchases, as they use traditional transaction methods to a decreasing degree, said the result of new Marqeta data. The card issuing platform released the results of a recent survey of 4,000 customers across 3 continents. The Marqeta survey involved the participation of 4,000 respondents living on three continents. Of those respondents, 1,000 were from the United Kingdom. What the survey found was that most (61…

Mobile payments haven’t yet caught on in the United Kingdom

08/30/201208/29/2012 Jennifer Goula

A recent survey showed that contactless has yet to be seen in a positive light by most people. Although smartphones are spreading like wildfire throughout the United Kingdom, the same cannot be said about mobile payments, regardless of significant efforts that had been made to boost their popularity throughout the Olympics in London. Only 17 percent of people in the U.K. feel that a “cashless future” could be a more convenient one. This information came from a report about the results of a survey performed in the U.K. by Bank…

Businesses are moving in on mobile payments market

08/16/201108/16/2011 John Montgallo

A number of well recognized companies, as well as smaller businesses that are far less well known, are now vying to become the head of the practical mobile payment marketplace. According to research director for commercial banking and payments, Andy Schmidt, from TowerGroup, “The promise of the mobile wallet is you’ll be able to manage your entire financial life from a single device.” One of the major players in the mobile payment game has been Google, right from the start. In May, it unveiled its test pilot for Google Wallet.…

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…