mobile payments use Archives

Mobile payments growth gap barely there between millennials and older generations

07/28/201707/26/2017 Jennifer Goula

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…

Mobile payments use is mainly for transportation and restaurant bills

03/22/201703/20/2017 Jennifer Goula

A new survey shows that there are some very specific reasons for which smartphone wallets are used. A new Market Intelligence and Consulting Institute under the Institute for Information Industry study provided insight on mobile payments use. It showed that consumers are using mobile wallets most frequently for paying for their meals at restaurants and for buying fare on transportation services. The mobile payments survey showed 76.4 percent of consumers who used the tech did so to pay at a restaurant. Another 33.2 percent of mobile payment use was for…

Mobile payments will be 3 times bigger next year

11/02/201511/01/2015 John Montgallo

eMarketer has predicted that by the end of 2016, the usage in the United States market will have tripled. Among the most recent forecasts issued by eMarketer is one that has been of great interest to those in the mobile payments marketplace, as they have now said that the use of these transactions will continue to climb to the point that they will have tripled by the close of next year. This represents a significant growth of the use of smartphones at checkout counters and other points of sale. The…

Mainstream adoption is eluding mobile payments

03/09/201403/06/2014 Note From The Editor

Mobile commerce continues to be on the cusp of going mainstream Mobile payments have been on the verge of becoming mainstream for years now. The idea is attractive to people that have become very reliant on smartphones and tablets, but it has yet to take hold with most people. The idea of shopping from a mobile device is very similar to the concept behind e-commerce. Shopping online is, perhaps, one of the most significant trends to emerge in the retail and business sectors in the past decade. In general, however,…

Mobile payments are used by over half of American smartphone owners

11/06/201311/02/2013 Jennifer Goula

The CUNA has now released its latest survey data which has found that these device users are purchasing in droves. According to the latest survey data that has been released by the Credit Union National Association (CUNA), among American smartphone owners, more than half have used their device for mobile payments purposes, whether it be buying a digital product online or tapping it at a checkout counter – or pretty much anything in between. The survey also showed that security remains the uppermost concern of device users making purchases. Though…