Mobile payments will make up only 1 percent of US transactions by 2019

two hands mobile payments

Consumers will still be using their plastic credit and debit cards the vast majority of the time in 5 years from now. The release of Apple Pay has caused many people to think that this is the point at which mobile payments will be taking off, but a recent report has suggested that by 2019, these smartphone based transactions will still make up only 1 percent of all consumer spending in the United States. Many feel that the growth of Apple Pay is restricted as it does not share spending…

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