Did restaurant mobile payments become mainstream this year?

restaurant mobile payments qr codes

According to First Data Corp, smartphone based transactions hit a tipping point with a 75 percent growth rate. Following an exceptionally slow rate of adoption over the last few years, restaurant mobile payments are finally starting to catch on, particularly in the quick service industry. This year saw an impressive growth rate and it is expected to continue in this strong and positive direction. Payment technology company, First Data Corp, reported a massive rise in smartphone transactions. Quick service restaurant mobile payments were especially high performers, according to the firm’s…

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Mobile payments popularity will be greater than credit cards in two years

Starbucks mobile payments popularity

A new U.N. report underscored the skyrocketing growth of PayPal, Alipay and other blockchain based transaction systems. A United Nations report indicates that by 2019 mobile payments popularity will “overtake credit cards” in terms of online shopping use. The report pointed to blockchain using systems as primary drivers for the popularity of mobile transactions. The United Nations body released a report saying that digital currency systems of payment will see greater use in e-commerce than debit and credit cards by 2019. The mobile payments popularity report was released by a…

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Mobile payments growth gap barely there between millennials and older generations

visa mobile payments growth

Visa has been taking aim at Singapore for the creation of a cashless society, with surprising findings. Visa’s effort to turn Singapore into a cashless society has centered heavily around promoting mobile payments growth. The credit card giant recently released its Consumer Payment Attitudes Survey 2016, revealing some unexpected data. It came as little shock that Singaporeans are embracing mobile payment transactions for many purchases. Singapore mobile payments growth has been greatly driven by the willingness of the people to use their smartphones for on demand services as well as…

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Retail mobile payments implementation aren’t living up to intentions

retail Mobile payments American Express

A recent AMEX survey showed a considerable gap between a company’s plans and actual execution. AMEX recently held a survey looking into the intentions and implementation of retail mobile payments. The research showed that Canadian retailers have a considerable gap between what they plan to do and what they’re actually doing. The AMEX survey showed that 76 percent of merchants believed that m-commerce is “the way of the future.” That said, Canadian businesses aren’t actually implementing the retail mobile payments into their own operations, for the most part. “There seems…

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American mobile payments infrastructure half a decade behind India’s

mobile payments infrastructure adoption trends

Ezetap CEO, Bobby Bose, recently stated that the Indian systems are “five years ahead of the U.S.” The American mobile payments infrastructure is far from a global leading marketplace, according to recent Ezetap CEO statements. The head of the Indian mobile payment firm, Bobby Bose, said that his home country’s infrastructure “is probably five years ahead of the U.S.” India is undergoing a massive shift toward the digital marketplace and most consumers are choosing mobile. “India is going through a digitalization of almost everything. It started with commerce, went to…

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Apple mobile payments is finally taking off and making a difference

Apple mobile payments - Apple Pay

Some firms are speculating that the acceptance of this tech could permanently change the face of retail. Apple mobile payments have been struggling to take off and have not met the performance expectations of many people in the commerce and tech industries alike. That said, it does appear as though Apple Pay is finally taking hold and now that it has, it’s rapidly gaining strength. Mobile wallets were only a concept only a few years ago, and many wondered what Apple would contribute. As the iPhone maker aimed to diversify…

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Peer to peer mobile payments starting to make US smartphone transactions relevant

young women teens peer to peer mobile payments

Though the majority of consumers have yet to start paying for products with devices, they are showing interest. Recent figures show that peer to peer mobile payments are starting to give smartphone transactions a boost in the US. That category of mobile wallet use is seeing the most rapid growth by far. In store mobile payments to purchase goods and services are still seeing notably slower growth. Peer to peer mobile payments has remained the category of transactions consumers in the US are most likely to use on their devices.…

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Consumers are increasingly aware of mobile payments, but aren’t using them

mobile payments trends

A new study from Accenture has shown that awareness isn’t necessarily the main barrier to adoption. Until now, the primary barrier to adoption of mobile payments has been considered to be a lack of awareness among the majority of the population, but according to the results of a recent study, people are starting to learn about this technology – they’re just choosing not to use it. In North America, awareness of smartphone payments has reached the majority of people. A report on the study by Accenture has shown that over…

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Mobile payments encourage better tipping

mobile payments use

Wait staff in restaurants are discovering that there are unexpected benefits to smartphone wallet apps. Over the next few years, it is believed that mobile payments will be taking off and that people will be using their smartphones in place of plastic cards to pay for everything from purchases in stores to meals at restaurants. Along with this overall shift in payment methods will also come a range of additional unexpected trends. So far, one type of trend that has been identified as a part of the transition toward mobile…

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Mobile payments may be a boon for disaster recovery

Mobile payments disaster recovery

Mobile donations help raise money more quickly for disaster recovery efforts Mobile payments are often seen as a way for retailers and other businesses to engage consumers that have become tethered to smartphones and tablets. The mobile commerce sector may prove quite beneficial to charitable organizations that assist in recovery after a natural disaster, however. Recent natural disasters in Japan and the Philippines have shown that mobile devices can increase the inflow of monetary support for those suffering from catastrophic events, especially when these devices are being used to promote…

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Mobile payments of bills quickly increasing in popularity

Western Union Mobile Payments

Western Union has just released its latest Index that has revealed the most recent bill paying trends. The latest Money Mindset Index has just been released by The Western Union Company, revealing its insight into mobile payments and the growing importance of their role in paying bills. The study revealed that a rapidly increasing number of consumers are using smartphones and tablets for this purpose. The study showed that among American consumers, 12 percent of the respondents said that they had intentions to use mobile payments for an increasing number…

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