Tag: mobile transactions

Digital wallets could prove very expensive for conventional banks

Jorge Gonzalez
Digital Wallets - Bank

As these payment apps and services grow in number and use, banks could lose out on billions in transactions. Consumers worldwide are increasingly using digital wallets to complete transactions both online and while in-store shopping, which means that banks stand to lose out on billions in transactions that would traditionally have belonged to them. What has yet to be seen is if those banks will pivot to keep up with their primary online competition. As digital wallets such as PayPal, Apple, and others are adopted at a rapid rate in…

Read More

Mobile payment apps preferred over cash for Nordic face-to-face purchases

Sam Lambert
Mobile payment apps - smartphone payment at POS

Consumers in Nordic countries now prefer using their phones to pay even when in-person. Mobile payment apps have now risen to the second highest spot in terms of preferred transaction methods in Nordic countries. One in 10 consumers there prefers to use their phones when paying for in-person purchases. The percentage of people who prefer to use mobile payment apps is about twice as large as that of people whose top preference is for using cash (5 percent) when shopping in person. This makes the applications the second most popular…

Read More

Google Pay, Apple Pay and mobile payments are ubiquitous except in smaller areas

Jennifer Goula
Mobile payments - paying with mobile - NFC

It may seem that smartphone transactions are everywhere, but small communities are being left out. Being able to accept mobile payments through services such as Apple Pay and Google Pay have offered powerful advantages to both businesses and customers, but research is showing that smaller communities are being left out of this benefit. Despite widespread recognition and adoption, contactless smartphone payments are limited in small communities. Though the use of mobile payments in small communities and rural areas isn’t non-existent, it remains limited at best. The businesses offering these transactions…

Read More

Survey finds that 70% of Irish consumers abandon mobile payment transactions

Jesse Collins
reverse phone call lookups

Consumers in Ireland are not keen on making payments via mobile if the process is too difficult. New research from Elavon, a global payments expert, reveals that mobile payment transactions are abandoned by over two-thirds of mobile consumers in Ireland, when these consumers find the mobile payments process to be too tedious and difficult. Several aspects of mobile transaction processes frustrated online shoppers. Elavon’s mobile shopping experience study, which involved 1,000 adult mobile shoppers in Ireland, noted that there were primary sources of frustration that lead to mobile users abandoning…

Read More

Mobile transactions account for more than half of transactions made online

Stephanie Beck
Mobile Transactions - Shopping via mobile phone

A new report reveals that consumers prefer mobile shopping. Criteo’s Global Commerce Review for Q2 of 2018 has revealed that mobile transactions are dominating online transactions. The report found that over 50% of online transactions made in many countries are now performed via mobile. Criteo analyzed data from more than 5,000 retailer in over 80 countries. The report took into account the activities, behaviors and preferences of shoppers across all devices and browsing environments. The data used, from which the company drew its conclusions, came from over 5,000 retailers in…

Read More