Mobile payments will be 3 times bigger next year

Women mobile payments texting trends

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…

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Mobile banking app adoption rates revealed in new study

Mobile Banking Industry

The research was conducted by TSYS and was recently released in a report called the “2015 U.S. Consumer Payment Choice Study”. The outcomes of the 2015 U.S. Consumer Payment Choice Study by TSYS have now been released and have provided notable insight into the use and adoption rates of mobile banking apps by consumers. The survey involved the participation of more than 1,000 customers in order to identify those trends. It revealed that the use of mobile banking apps is growing and that among those who have already adopted these…

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Apple may release a mobile commerce platform this year

Apple virtual reality

Ovum predicts that Apple will finally enter into the mobile commerce space Ovum, a market research firm based in the United Kingdom, has released its latest 2014 Trends to Watch report, which predicts that Apple will finally enter into the mobile commerce market this year. Apple has approached the mobile commerce space with caution due to the security issues that exist therein. It had been speculated that the iPhone 5 would include NFC technology, but Apple has little faith in NFC, especially when it comes to using the technology for…

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Mobile payments fees could break the $37 billion mark in 2 years

mobile payments revenues

Revenues through smartphone and tablet based banking, money transfers and remote payments are skyrocketing. According to a recent study by Informa Telecoms & Media, service revenues or fees for various mobile payments services could break the $37 billion mark by the year 2016. Newly released m-commerce data has shown that these transactions could skyrocket over the next two years. The report from Informa suggested that the mobile payments markets that stand to enjoy the greatest opportunities in earning service fee revenues are in remote transactions for services and products, as…

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AT&T aims to make its own mobile commerce platform

AT&T mobile security technology news

AT&T makes a move to establish a strong presence in mobile commerce AT&T has made a move to develop its own mobile commerce platform. The telecommunications company is currently involved in Isis, a platform that was born from a joint venture with Verizon Wireless and T-Mobile. The three companies had invested heavily in Isis and successfully launched the platform in the U.S. in 2013. Isis has promised to be a powerful platform, but AT&T is not willing to place the entirety of its mobile commerce interests on the platform. AT&T…

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