UK millennials are showing favor for mobile payments

Women mobile payments texting trends

Mobile payments is growing quickly among young consumers in the UK Mobile payments have become a very prominent force among millennials in the United Kingdom, according to a new survey from Compass Plus. They survey suggests that the age of consumers has a major effect on whether or not they will participate in mobile commerce. In the UK, younger consumers appear to be most comfortable with mobile shopping, largely due to their familiarity with mobile technology and e-commerce in general. Survey finds that younger consumers are more active in mobile…

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Mobile payments to go mainstream by 2020

mobile payments app shopping

Report predicts the mainstream success of mobile payments Mobile payments are expected to become a mainstream phenomenon by 2020, according to a new report from Compass Plus. The number of consumers that are engaging in mobile commerce is growing daily, with more people having access to NFC-enabled mobile devices than ever before. Banks and retailers are becoming engrossed in mobile payments, launching new services and looking to support mobile consumers in a more dynamic way than ever before.  Banking experts have high hopes for the mobile commerce space The report,…

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