Mobile payments will replace cash and credit cards, say consumers

Mobile payments platform

A survey has shown that people feel that cashless payments will soon dominate the marketplace. A recent survey performed by Harris Interactive has shown that over 60 percent of American adults believe that mobile payments will have replaced traditional plastic credit card and cash transactions in the not too distant future. Approximately 30 percent believe that this will occur within the next five years. The online poll was conducted with the participation of 2,383 adults in the United States. It ran from November 14 through November 19. Among the respondents,…

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Mobile payments survey shows most consumers interested

NFC Mobile Payments System

Research indicates that the majority of bank customers worldwide have interest in smartphone transactions. A mobile payments survey conducted by IMS Research that included the participation of 700 consumers from seven countries showed that 60 percent of banking customers are interested in the service. Respondents were from the U.S., the U.K., Turkey, Poland, South Korea, Japan, and China. The report about the survey was entitled “The World Market for Payment and Banking Cards – 2012 Edition”. Its author, Don Tait, is the one of the firm’s Financial and ID Technology…

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Mobile payments to reach $1 trillion by 2017

Mobile payments platform

The volume of money spent worldwide is expected to skyrocket over the next five years. According to a study performed by IDC Financial Insights, the mobile payments volume by 2017 will have reached over a trillion dollars, and this will be merely the tip of the iceberg as to the size it will achieve in the years that follow. The majority of the spending will be through mcommerce, according to IDC. The report based on the study also indicated that NFC mobile payments will eventually begin to gain popularity as…

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Global research zooms in on mobile payments and banking by smartphone users

mobile payments trends

A multinational study by Aite Group and ACI Worldwide finds cell phones are the drivers of the demand for these services. ACI Worldwide and Aite Group collaborated on a massive study that examined the adoption rates of mobile payments and banking in 14 different countries and has come up with an all new consumer category, which they have dubbed “Smartphonatics”, which is responsible for driving those two services. This group includes individuals whose behaviors toward making payment transactions, financial decisions and actions, and shopping have altered because of the fact…

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