mobile payments data Archives

Mobile payments make up a third of the business at Braintree

09/24/201309/23/2013 John Montgallo

The company has now revealed that it is experiencing massive growth in processing these transactions. According to the latest data that has been released by Braintree, it is now processing an annual $4 billion in transactions over mobile payments, which represents a tremendous third of the total annual processed transactions from the company, which is $12 billion. Braintree is racing along in terms of rapid scaling in order to beat out other platforms, such as Stripe. The total amount of mobile payments has managed to experience a quadrupling at Braintree…

Mobile payments struggle in U.S. but grow worldwide

08/01/201307/29/2013 Stephanie Beck

Quick Tap NFC technology service mobile payments service

The forecasts for the use of these transactions in the United States have been dropping like a stone. Although the use of mobile payments on a global scale are taking off like a rocket, in the United States, predictions are continuously being corrected in order to reduce the size of the outlook within that marketplace. The uptake of these transactions has not been anywhere near the rate of most expectations. The most recent knock to the overblown predictions about the American mobile payments marketplace has come from eMarketer. In October…

Mobile payments facing tremendous risks, says study

07/18/201307/16/2013 John Montgallo

Just as the transactions are beginning to gain some credibility, U.K. risk analysts say struggles are ahead. The adoption of mobile payments has been far slower than expected, and just as some were beginning to think that they were finally taking off, risk analysts from Riskskill, a U.K. consultant, have released a report that assesses that global market in a much more sobering light. It could be that there are a broad number of challenges and risks associated with that form of transaction. According to Bill Trueman, the CEO of…

Mobile payments are almost ready for in-store in Europe and North America

06/10/201306/08/2013 Sam Lambert

A new report from the Berg Insight analyst firm has suggested that the transactions may be ready to get started. According to the latest report from Berg Insight, by 2017, the North America and the EU27+2 region (the twenty seven members of the European Union as well as Norway and Switzerland) will achieve a combined total of €78 billion. This will have been a tremendous increase from having been only €0.6 billion last year. In Europe, the baseline in 2012 was considered to be somewhat meager, having reached only €0.1…

Mobile payments industry report shows great potential in Mexico

05/07/201305/06/2013 L. Green

A new analysis of alternative transactions for Mexican consumers has shown possible future success. A report has just been issued that is providing considerable insight into the role that mobile payments is currently playing and that it will play in the future, when it comes to the consumer financial services environment in Mexico. The landscape in that country at the moment is driven by innovations in technology and regulatory changes. These have allowed consumers to be able to open up more accounts, but has also made for a very natural…