Tag: mobile wallet trends

Mobile wallets are becoming popular among boomers for this reason

Jennifer Goula
Mobile wallets - Baby Boomers using mobile phones

This generation isn’t using phones as a payment method as much as others, but another use is growing When it comes to demographics using mobile wallets the most, the majority of people wouldn’t think that Baby Boomers would be in a top category. That said, when it comes to one specific behavior, they’re participating quite a bit. It’s true that this isn’t the top generation for using mobile payments Still, there are far more features available through mobile wallets than making payments by tapping a smartphone at a checkout counter.…

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Mobile payments use is mainly for transportation and restaurant bills

Jennifer Goula
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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Peer to peer mobile payments starting to make US smartphone transactions relevant

Sam Lambert
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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Top mobile payments app users are Millennials

L. Green
mobile payments app shopping

In China, this generation is leading the way in the use of smartphones as credit and debit cards. A recent study has revealed that mobile payments app use is greatly driven by Millennials. The research indicated that Chinese device users between the ages of 21 and 39 are top users of these applications. Mobile wallets are seeing the highest use by device owners from 21 to 29 and 30 to 39 years old. eMarketer conducted this research and found that mobile payments app use is high in China. That said…

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Mobile payments trends are seeing growth held back by biometrics

Jennifer Goula
Mobile payments trends wallet

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the best efforts of some of the largest tech giants in the world,…

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