Tag: Juniper Research

Biometrically authenticated mobile payments to break $1 trillion milestone in 2027

John Montgallo
Mobile payments - fingerprint scan

The value of the transactions is going to breach $1.2 trillion in five years, says Juniper Research. The value of mobile payments biometrically authenticated is expected to reach $1.2 trillion worldwide by the close of 2027, according to a recent Juniper Research study. The study expects a massive growth rate from the $332 billion the transactions are currently worth. Juniper Research has provided an evaluation of the transition from traditional transaction security methods such as passwords and PINs to biometric authentication of mobile payments, in its paper titled: “Mobile Payment…

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QR code payments could break $3 trillion in 3 years

Jorge Gonzalez
QR code - Paying via QR code

A new Juniper Research forecast suggests that the mobile transactions will reach the milestone by 2025. QR code payment trends have shown that the transaction method is taking off, even if it has experience broken global growth over the last few years. Quick response barcodes have been used for payments far more in some regions than in others. The low-cost, easily recognizable and simple to use technique of QR code payments have high appeal to many merchants and consumers globally. Though the popularity differs from one region to the next.…

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Half of the world will be using mobile wallets in 2025, study

Jorge Gonzalez
Mobile wallets - person using mobile wallet

From 2020 through 2025, the transactions completed using these apps will break the $1 billion per year mark. A mobile wallets trend report was recently published, indicating that one in every two people in the world will be using this type of app by 2025. By the end of last year, 2.8 billion wallets were already being used by people around the world. Boku, the fintech behind the 2021 Mobile Wallets Report in a partnership with Juniper Research, estimated that the use of these smartphone-based payments will rise by almost…

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Report says mobile VR content is vital for the VR industry to take off

John Montgallo
Mobile VR - Virtual Reality Headset - Looking to the Future

New Juniper Research study has found that VR-specific game revenues will skyrocket to $8.2 billion by 2023. Mobile VR (virtual reality) content is expected to drive the VR games industry revenue up to $8.2 billion from 2019’s expected $1.2 billion, according to a new study from mobile, online and digital marketing specialists, Juniper Research. Smartphone virtual reality content is essential to boost consumer confidence in VR across all platforms. Juniper noted, however, that the success of virtual reality is heavily dependent on Mobile VR content, which is necessary to increase…

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Contactless payments to account for 1 in 3 in-store transaction by 2020, report

L. Green
contactless payments - debit machine

Payment cards and mobile wallets will reach $2 trillion in two years. Worldwide, in-store contactless payments transactions will exceed $1 trillion for the first time this year. This is according to recent data published by Juniper Research. The leading fintech analysts also estimate that, globally, in-store contactless monetary transactions will hit $2 trillion by 2020 and will represent 15 percent of the total point-of-sale transactions. Both card payments and mobile wallets are expected to drive the growing use of these payments. Even though both of these contactless payments will be…

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