Mobile payments awareness is rising in North America despite low adoption

mobile payments awareness wallet NFC near field communication

Consumers here still feel most transactions will be based on cash at least until 2020. An Accenture study showed mobile payments awareness has reached 56 percent of consumers in North America. This represents a 4 percent increase over the figures recorded a year ago. That said, those same consumers don’t appear to be adopting mobile wallets. Regular mobile payments usage has stayed at 19 percent among North American consumers. This, despite the fact that a much higher number actually know the transaction method exists. Among the respondents in the mobile…

Read More

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…

Read More

One in 4 smartphone owners have tried a mobile wallet

mobile technology wallet Holiday Shopping

According to Blueshift Research, a quarter of these device users have used this technology at least one time. The results of a recent study conducted by Blueshift Research have revealed that 25 percent of smartphone owners have tried using a mobile wallet at least one time, suggesting that retailers might want to expect more payments to be made by way of these devices throughout the holiday shopping season. Though the growth has not been exceptionally fast, it is clear that more shoppers are interested in mobile payments. This indicates a…

Read More

Mobile wallet adoption may not be mainstream for years

Mobile payments trends wallet

According to a recent report from eMarketer, there is still quite some time before this tech will be commonplace. According to a report that was recently released by eMarketer, the use of mobile wallet transactions will rise considerably in the United States in 2015, but it will still be a long time before shoppers will be willing to use smartphone payments instead of cash or credit cards. Over the short term, it doesn’t look as though there is going to be much of a difference in payment transactions. An analyst…

Read More

Mobile wallet trial in Salt Lake City shows increasing activity

isis mobile wallet

The latest statistics have shown that the NFC technology based payments average 5 transactions per user per week. While mobile wallet projects may have had a slow start, causing some to doubt whether or not they’d ever take off, the Isis trial in Salt Lake City is starting to show that once people adopt the service, they become active users. Isis remains in its very earliest phase, existing only in official trials within two cities at the moment. According to Jim Stapleton, the chief sales officer for the mobile wallet…

Read More