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

Mobile payment transactions - Women wiht computer and mobile phone

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…

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Mobile transactions account for more than half of transactions made online

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…

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In app transactions see 64 percent growth rate this year

In App Transactions shopping amazon

Purchases through mobile applications continued to see a significant rise in traction throughout 2017. It doesn’t come as much of a shock to know that in app transactions are making considerable gains, but the rate at which that growth is occurring is raising eyebrows. The holiday shopping season has been particularly effective in spiking m-commerce use. Over one in three American purchases over the Thanksgiving weekend occurred over mobile devices. In app transactions are playing a rapidly increasing role in driving mobile commerce growth in the United States as well…

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Zimbabwe mobile payments get a shot in the arm from cash crisis

zimbabwe mobile payments bitcoin

The country is suffering from a shortage of cash as Bitcoin simultaneously makes its presence larger. A suddenly downward shift in the availability of cash has driven Zimbabwe mobile payments into a position in which it is experiencing rapid growth. This represents quite a change for the country which has always had a glut of banknotes available. In fact, the $100 trillion note actually exists. However, the country has suddenly found itself in a position of cash shortage, forcing other transactions into popularity. As Zimbabweans search for ways to pay…

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Mobile payments use is mainly for transportation and restaurant bills

mobile payments use

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…

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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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Mobile wallet payments to break $13 billion by 2021 in UAE

mobile payments awareness wallet NFC near field communication

Large and widespread programs are underway for upgrading the country’s banks and devices for mobile wallets Massive mobile wallet strategies have now been launched in the UAE. As a result, mobile wallet payments will reach $13 billion in the country within a span of five years. The strategies will upgrade all devices and UAE banks to accept transactions via smartphones. The Mobile Wallet Project has been launched and will take a 35 percent market share in five years. The prediction is that the mWallet will generate $13.6 billion in mobile…

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Square bets on EMV standards improving the mobile payments space

Square Inc. mobile payments nfc technology

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can be used to process mobile transactions. New standards may speed up mobile transactions According…

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Growing infrastructure and demand for mobile payments could have an impact on India’s economy

India mobile phone manufacturing

Report highlights the beneficial impact that better mobile technology and Internet connectivity will have on the country New mobile payments technology and the expansion of a 4G mobile network will have a major impact on India’s economy this year, according to a new report from Union Budget. India’s mobile infrastructure has been growing at a fast pace, largely due to growing smartphone penetration and the rising demand for mobile Internet access. The expansion of this infrastructure will make it easier for consumers to take advantage of new payment services and…

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Study shows mobile commerce is on pace to see more growth in the future

Mobile commerce growth global world

New study shows the growing prominence of mobile shopping among consumers Criteo, a performance marketing technology provider, has released a new study concerning online transactions and their performance during the fourth quarter of 2015. Last year, mobile commerce became a very powerful force in the retail space. Merchants began investing heavily in new technology that would allow them to connect with mobile shoppers. Consumers have shown a great deal of interest in using their devices to shop online and in physical stores. 1.4 billion online transactions were made during the…

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